Abraxas Capital recently purchased 120,900 PT-kHYPE, bringing its total holdings to 146,500 PT-kHYPE
ChainCatcher news, according to on-chain data, Abraxas Capital today transferred 410,000 HYPE (18.5 million USD) to HyperEVM and has conducted liquidity staking of all assets on Kinetiq.Subsequently, they purchased 25,600 PT-kHYPE (1.1 million USD), accumulating a total of 120,900 PT-kHYPE (5.4 million USD) over the past four days, and currently hold a total of 146,500 PT-kHYPE (6.5 million USD). These operations are part of their Elysium Global Arbitrage Fund and are a completely Delta neutral strategy.ChainCatcher news, a completely Delta neutral strategy is understood as a position that fully offsets price directional risk through hedging or arbitrage, with returns not coming from betting on price increases or decreases, but rather from interest rate spreads, fees, liquidity incentives, time value, or arbitrage opportunities.
