Abraxas Capital Shifts Investments from Bitcoin to Ethereum, New Strategy in Crypto Market?

Updated

May 16, 2025

Gambar Abraxas Capital Shifts Investments from Bitcoin to Ethereum, New Strategy in Crypto Market?

Jakarta, Pintu News – In the dynamic world of crypto investment, Abraxas Capital has made a big move by shifting its focus from Bitcoin to Ethereum .

With its aggressive $561 million purchase of Ethereum, Abraxas Capital showed strong confidence in Ethereum’s long-term potential, especially with the growing ecosystem of DeFi and NFT applications.

This strategic move not only changes their portfolio but also has the potential to change the dynamics of the crypto market as a whole.

Check out the full news below!

Ethereum Accumulation Strategy by Abraxas

This week, Abraxas Capital has caught the market’s attention with a massive purchase of Ethereum. According to data from Lookonchain, within seven days, Abraxas had purchased a total of 242,652 ETH, which is worth around $561 million. This purchase comes amid predictions that Ethereum will experience significant growth in the coming years.

These purchases are not just about large amounts but also about the right timing. Ethereum has recently surpassed the $2,500 price, and analysts predict that with ever-increasing strategic reserves, Ethereum could surpass Bitcoin in terms of market value by 2026. Abraxas seems to be preparing itself to capitalize on this new wave of growth.

Also read: Metaplanet’s Q1 Revenue Reached $6 Million, 88% Came from Bitcoin (BTC)!

The Impact of Abraxas on the Ethereum Market

Abraxas Capital’s move not only increased their portfolio but also made a significant impact on the price of Ethereum in the market. With purchases made through withdrawals from Binance and Tether lending from Aave, Abraxas has demonstrated their ability to manipulate the market according to their investment strategy.

This massive purchase has pushed Ethereum’s price up past $2,700, a rise that has not only benefited Abraxas but also attracted the interest of other investors. The confidence shown by Abraxas in Ethereum may be a signal for other investors to reconsider their asset allocation in crypto.

Also read: 3 Memecoin Presale Coveted by Whales that Could Skyrocket 10x in May!

Transition from Bitcoin to Ethereum

ETH is a bet on fundamentals.

Ethereum dominates on developers, stablecoins, RWAs and NFTs. pic.twitter.com/FOhr4qbOs7
— Nick Tomaino (@NTmoney) May 14, 2025

One of the most interesting aspects of Abraxas’ latest strategy is their withdrawal from Bitcoin. Lookonchain reports that Abraxas has withdrawn around 2,949 BTC, which is equivalent to $250 million, from various exchanges. This move signals a shift in focus from Bitcoin to Ethereum, which may be due to the greater growth potential on Ethereum.

This transition also reflects a change in the perception of risk and profit potential between the two largest cryptocurrencies. With Ethereum increasingly dominating applications like DeFi and NFTs, Abraxas seems to be betting on broader innovation and integration than just the store value offered by Bitcoin.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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