Abraxas Capital Acquires Nearly $500 Million in Ethereum in Just Six Days

London-based asset manager Abraxas Capital has demonstrated a significant commitment to Ethereum, accumulating nearly $500 million worth of the cryptocurrency in just six days. According to blockchain analytics platform Lookonchain, Abraxas added 33,482 ETH – valued at $84.7 million – within the past twelve hours alone. This brings their total Ethereum holdings to a staggering 211,030 ETH, currently worth approximately $477.6 million.