🔥 Abraxas Capital Expands Ethereum Holdings – 211,030 ETH Accumulated! 🔥
Abraxas Capital, a London-based investment firm, has just expanded its Ethereum holdings, acquiring an additional 33,482 ETH for $84.7 million. With this latest purchase, the company has accumulated a total of 211,030 ETH over the past six days, amounting to approximately $477.6 million.
This move highlights the growing institutional demand for Ethereum, especially following the Pectra upgrade, which introduced key improvements to the network. Additionally, part of the purchase was financed through a USDT loan on the Aave platform, showcasing an aggressive leverage strategy.
With Ethereum gaining momentum and institutional investors increasing their positions, could we be entering a new phase of ETH appreciation?
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