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      Abraxas Capital Acquires 13,000 ETH for Hedging Purposes

      Abraxas Capital has acquired 13,000 Ethereum (ETH) in a spot transaction, amounting to approximately 32.39 million USD. This strategic purchase is aimed at hedging against a significant short position held by the firm.

      The company currently maintains a short position of 141,180 ETH on the Hyperliquid exchange, which is valued at around 353 million USD. This move reflects Abraxas Capital's approach to managing risk in the volatile cryptocurrency market.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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