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UK investment firm amasses $655M in Ethereum post-Pectra, profit hits $77M

Key Takeaways Abraxas Capital Management accumulated 278,639 ETH valued at $655 million since May 7. The firm realized an unrealized profit of $77 million from their Ethereum investments. Share this article A crypto wallet believed to belong to UK investment firm Abraxas Capital Management has amassed 278,639 Ethereum, worth approximately $655 million, since Ethereum’s Pectra … Read more

Ethereum price almost doubles post-Pectra upgrade, nears Eric Trump promo high

Key Takeaways Ethereum’s price surged nearly 50% to over $2,700 after the Pectra upgrade. Abraxas Capital acquired 211,030 ETH valued at approximately $477 million post-upgrade. Share this article Ethereum rallied nearly 50% to over $2,700 after the Pectra upgrade and is now around 6% below what it held when Eric Trump publicly promoted the asset, … Read more

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