Abraxas Capital Resumes $ETH Buying Spree—Now Up $50M in Unrealized Gains

After a brief 3-day pause, Abraxas Capital is back in action—scooping up another 46,295 ETH, worth roughly $115.3 million.

This latest move brings their total accumulation since May 7 to a staggering 350,703 ETH (valued at $837 million) at an average entry price of $2,386.

With #ETH trading above that level, the fund is now sitting on an unrealized profit of $50 million.

Track their wallet here: 0xb99a2c4C1C4F1fc27150681B740396F6CE1cBcF5 — eyes will be on whether they continue buying or start locking in profits.