Abraxas Capital Doubles Down on Ethereum, Buys $115 Million in a Show of Confidence

Abraxas Capital continues its buying spree of Ethereum (ETH), adding another significant chunk to its portfolio. Following a brief pause, the firm bought $115.3 million worth of ETH, solidifying their confidence in the future of this digital asset. This bold move signals a shift toward a greater acceptance and recognition of Ethereum’s role within the cryptocurrency market by traditional financial institutions.