Abraxas Capital Boosts Ethereum Holdings to $477 Million in Just Six Days

London-based investment firm Abraxas Capital has significantly increased its Ethereum holdings, scooping up an additional $84.7 million worth of ETH in a six-day buying spree. This brings their total ETH purchase to 211,030 ETH, valued at approximately $477.6 million. The firm’s aggressive buying signals strong market confidence and potential future gains. Abraxas Capital is known for its bold investment strategies, and this significant accumulation further underlines their belief in Ethereum’s long-term prospects. This rapid buying activity could influence broader market trends and attract similar investments from other institutional players.