Story thread · 2 reports / 2 sources

Abraxas Buys $32M Ether to Hedge a $353M Short It Won’t Close

news.bitcoin.com · 6dShare

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 […]

First report: Abraxas Capital buys $32M ETH to hedge $353M Hyperliquid short — crypto.news, 7d