Abraxas Capital Continues Depositing BTC to Major CEX, Totaling $691M Since Mid-March

BTC-1.33%

Gate News message, April 16 — According to Lookonchain, Abraxas Capital (Alpha Bitcoin Fund) has deposited another 1,993 BTC, valued at approximately $148.3 million, to a major centralized exchange. Since March 14, the institutional investor has cumulatively transferred 9,582 BTC, worth roughly $691 million, to the exchange.

Abraxas Capital currently holds 20,337 BTC, valued at approximately $1.51 billion. The ongoing deposits suggest sustained institutional accumulation activity in the current market environment.

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