Abraxas Capital recently purchased 120,900 PT-kHYPE tokens, bringing their total holdings to 146,500 PT-kHYPE tokens.

BlockBeats News, August 26th, according to on-chain data, Abraxas Capital today transferred 410,000 HYPE tokens (18.5 million USD) to HyperEVM and proceeded to stake all assets on Kinetiq.

Subsequently, they also purchased 25,600 PT-kHYPE tokens (1.1 million USD) and have accumulated a total purchase of 120,900 PT-kHYPE tokens (5.4 million USD) in the past four days. They currently hold 146,500 PT-kHYPE tokens (6.5 million USD). These operations are part of their Elysium Global Arbitrage Fund and follow a fully Delta neutral strategy.

BlockBeats Note: A "fully Delta neutral strategy" means that the position, through hedging or arbitrage, completely offsets the risk in price direction. The source of returns is not from speculating on price movements but rather from spreads, fees, liquidity incentives, time value, or arbitrage opportunities.