UK Firm Invests $250 Million in Bitcoin Ahead of Quiet Easter Weekend

As analysts anticipate a calm Easter weekend market after recent volatility driven by global trade tensions, London-based investment firm Abraxas Capital has made a significant move. The firm acquired over $250 million worth of Bitcoin (BTC) between April 15th and April 19th, amounting to 2,949 BTC according to crypto intelligence firm Lookonchain, citing Arkham Intelligence data. This acquisition follows Michael Saylor’s Strategy purchasing $285 million in Bitcoin on April 17th at an average price of $82,618 per BTC. These high-profile moves by whales and institutions signal continued confidence in Bitcoin amidst global economic uncertainty.