Abraxas Capital recently purchased 120,900 PT-kHYPE tokens, bringing their total holding 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 dollars) to HyperEVM and proceeded to stake all assets on Kinetiq.

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

BlockBeats Note: A "fully Delta-neutral strategy" is understood as a position that, through hedging or arbitrage, entirely offsets the risk of price direction. The source of returns is not based on speculation of price increases or decreases but rather on the yield from spreads, fees, liquidity incentives, time value, or arbitrage opportunities.