ChainCatcher report, according to Lookonchain monitoring, Abraxas Capital bought 16,554 ETH on the spot market over the past 12 hours, valued at $39.8 million. Its two hedging accounts on Hyperliquid hold a total of 120,178 ETH short positions, valued at $291.4 million.
Abraxas Capital buys 16,554 ETH in 12 hours, holds $291.4M in ETH short positions
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Summary
Abraxas Capital executed a $39.8 million value investment in crypto by purchasing 16,554 ETH within 12 hours. The firm holds $291.4 million in short positions on Hyperliquid, equivalent to 120,178 ETH, as part of its capital protection strategy. Both hedging accounts remain active amid ongoing market volatility.
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