Abraxas Capital Buys $32M ETH to Hedge $353M Hyperliquid Short

Abraxas Capital buys $32M ETH to hedge $353M Hyperliquid short

Abraxas Capital has bought another 13,000 ETH worth $32.39 million in the spot market to hedge part of a 141,180 ETH short position on Hyperliquid valued at $353.27 million. Lookonchain said on Sept. 8 that Abraxas Capital purchased the additional…

Ethereum News: Abraxas Capital Buys 13,000 ETH

Abraxas Capital has purchased 13,000 ETH, valued at $32.39M, to hedge its significant short position. This move highlights evolving trading strategies in Ethereum.

Abraxas Capital Reportedly Buys 13,000 ETH

Abraxas Capital reportedly bought 13,000 ETH, according to an unconfirmed report circulating on September 7, 2026, though the only independently readable evidence is a cluster of Binance withdrawals into an Ethereum wallet that a block explorer attributes to the firm, not a confirmed purchase. Read...