London-based asset manager buys 211,030 Ethereum coins in six days, worth roughly $500 million

Abraxas Capital Management, a London-based asset management company
Management) has been found to have made large purchases of Ethereum (ETH), worth approximately $500 million, over the past six days.
On the 13th (local time), TheBlock reported this information citing data from on-chain analysis platform LookOnChain and Acom Intelligence.
According to LookonChain, Abraxas Capital raised an additional 33,482 shares worth approximately $84.7 million in the 12-hour period.
ETH purchased totaling 211,030 in the past 6 days
It is estimated that the amount of ETH secured is approximately $477.6 million.
LookonChain also revealed that it had become aware of a situation in which Abraxas Capital borrowed 240 million USDT from Abu Protocol and then deposited it with Binance.
In recent months, Ethereum has been relatively sluggish compared to Bitcoin's (BTC) rise. However, after last week's major Pectra upgrade, ETH
It rose 20% in a short period of time, surpassing $2,200. As of 1:55 p.m. on the 14th, Ethereum was up 8.44% on CoinMarketCap from 24 hours ago and 45.77% from 7 days ago.
It has soared to a record high of $2,663.