<ul><li>London-based asset manager, Abraxas Capital, purchased nearly $500 million worth of Ethereum within 6 days.</li><li>The firm added 33,482 ETH valued at $84.7 million in the past 12 hours alone, totaling their Ethereum purchases to 211,030 ETH, approximately worth $477.6 million.</li><li>Abraxas Capital leveraged $240 million in USDT from Aave to fuel their buying spree, transferring the funds to Binance for executing trades.</li><li>The surge in Ethereum's value, following the successful Pectra network upgrade, has reignited institutional interest, demonstrated by Abraxas Capital's significant accumulation.</li></ul>

London-based Asset Manager Buys Nearly $500M worth of Ethereum in 6 Days

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