Abraxas Capital recently purchased 120,900 PT-kHYPE tokens, bringing its total holdings to 146,500 PT-kHYPE tokens

BlockBeats News, August 26 — According to on-chain data, Abraxas Capital transferred 410,000 HYPE tokens (worth $18.5 million) to HyperEVM today and staked all of these assets for liquidity on Kinetiq.

Subsequently, they purchased 25,600 PT-kHYPE tokens (worth $1.1 million), bringing their total purchases over the past four days to 120,900 PT-kHYPE tokens (worth $5.4 million). They now hold a total of 146,500 PT-kHYPE tokens (worth $6.5 million). These operations are part of their Elysium Global Arbitrage Fund and are executed using a fully delta-neutral strategy.

BlockBeats Note: A “fully delta-neutral strategy” means that the position’s price direction risk is completely offset through hedging or arbitrage. The returns are not based on betting on price increases or decreases, but instead come from spreads, fees, liquidity incentives, time value, or arbitrage opportunities.