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Abraxas Capital recently purchased 120,900 PT-kHYPE, bringing its total holdings to 146,500 PT-kHYPE.
BlockBeats news, on August 26, according to on-chain data, Abraxas Capital transferred 410,000 HYPE (18.5 million USD) to HyperEVM today and performed liquid staking of all assets on Kinetiq. Subsequently, they purchased 25,600 PT-kHYPE (1.1 million USD) and have cumulatively bought 120,900 PT-kHYPE (5.4 million USD) over the past four days, currently holding a total of 146,500 PT-kHYPE (6.5 million USD). These operations are part of their Elysium Global Arbitrage Fund and represent a fully Delta neutral strategy. BlockBeats notes: "fully Delta neutral strategy" is understood as a position that completely offsets the risk in price direction through hedging or arbitrage, where the profit comes not from betting on price rise or fall, but from interest rate spread, fees, liquidity incentives, time value, or arbitrage opportunities.