A crypto wallet tied to London-based investment firm Abraxas Capital has made headlines after purchasing nearly $250 million worth of Bitcoin in the four days leading up to Easter.
The firm acquired 2,949 BTC, signaling renewed institutional confidence in the cryptocurrency amid global trade tensions and an approaching Easter weekend.
According to blockchain analytics platform Lookonchain, which cited Arkham Intelligence data, Abraxas’ latest purchase included over $45 million in Bitcoin from Binance on April 18 alone.
