Abraxas Capital Resume Ethereum Accumulation After Dormancy

Following a brief pause in purchases, Abraxas Capital has resumed buying Ethereum, adding 46,295 ETH worth approximately $115.3 million to its holdings. This follows the firm’s recent acquisitions totaling 350,703 ETH, valued at around $837 million, with a purchase average of $2,386 per ETH since May 7th. These latest acquisitions have resulted in an unrealized profit of $50 million.