Abraxas Capital is back and has started buying ETH.
In the past 24 hours, they have bought 46.3K ETH worth $120M on Binance and Kraken.
Since May 7, Abraxas Capital has bought 350K ETH worth $837M.
Right now, Abraxas Capital is sitting on $51M of unrealized profit and it looks like they're in no mood of selling.
I think ETH has now finally has its own Microstrategy.
