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      Abraxas Capital Expands Holdings with Significant ETH Purchase

      Abraxas Capital has increased its holdings by acquiring 13,700 ETH in spot transactions, valued at approximately 34.24 million USD. This move reflects the company's ongoing strategy to bolster its cryptocurrency portfolio amid fluctuating market conditions.

      In addition to its recent purchase, Abraxas Capital maintains a substantial short position on the Hyperliquid platform, nearing 1 billion USD. This includes 178,532 ETH short contracts, which are valued at around 437 million USD. The firm's activities highlight its significant involvement in the cryptocurrency market, particularly in Ethereum trading.

      © 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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