Abraxas Buys $32M Ether to Hedge a $353M Short It Won’t Close
Abraxas Capital has added 13,000 ETH worth about $32.39 million in the spot market, offsetting a 141,180 ETH short on Hyperliquid valued near $353.27 million. Abraxas’ Buy The purchase was brought to light earlier today, with the firm acquiring 13,000 ETH in the spot market for about $32.39 million (or an implied price near $2,491 […]
Key Takeaways
- Abraxas Capital has added 13,000 ETH worth about $32.39 million in the spot market, offsetting a 141,180 ETH short on Hyperliquid valued near $353.27 million.
- Abraxas’ Buy The purchase was brought to light earlier today, with the firm acquiring 13,000 ETH in the spot market for about $32.39 million (or an implied price near $2,491 […]
- Read the full article for additional context and details.
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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