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

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

Bitcoin.com Newsby Bitcoin.com News
8 September 2026
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 […]…

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 […]

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