🚀BREAKING: Abraxas Capital Makes Massive Ethereum Purchase!
💎London-based asset manager Abraxas Capital has just bought $84.7 million worth of Ethereum, bringing their total Ethereum holdings to a whopping $477.6 million ¹!
📌This significant investment was made over the course of six days, with Abraxas Capital acquiring 211,030 Ethereum tokens. The firm's aggressive buying spree is a clear indication of their confidence in Ethereum's potential for growth.
🔵Abraxas Capital's Ethereum purchases were made using decentralized lending, with the firm borrowing $240 million in USDT from Aave and depositing it on Binance ². This strategic move allows Abraxas Capital to leverage Ethereum's increasing value while maintaining liquidity.
🎯With Ethereum's price surging 8.4% to $2,690, Abraxas Capital's investment is already paying off. The firm's bullish stance on Ethereum is shared by other market players, with whales and institutional investors showing increased interest in the cryptocurrency
