However, the market is growing, and the floating losses of the fund have already exceeded $ 100 million. Liquidation of the position at BTC will occur at the price $156,000.
One source so far
Crypto Fund Abraxas Capital Bet $800,000,000 on the market drop, shortlisting BTC, ETH, SOL and HYPE with leverage 5x
№ 0869Published Updated 1 min read
Related stories
Regulation
Block Discloses Proposed $764M DOJ Payment in Anti-Money
🚫 TL;DR: Block, the payments company behind Cash App and Square, says it reached an agreement in principle with the US Department of Justice over an anti-money-laundering programme allegation. Its November 3 filing outlines approximately…
Read →Macroeconomics
Oil Falls on Reported $8 Billion US-Iran Hormuz Deal: What Happens to Bitcoin?
📉 Brent crude fell about 4.6% on Monday after a report that Iran offered to reopen the Strait of Hormuz for $8 billion in frozen funds. Bitcoin (BTC) did not join the relief, sliding to about $73,600.
Read →Regulation
MicroStrategy and Strive Buy 1,065 Bitcoin: Can Saylor Keep Adding Below Cost?
💼 MicroStrategy, Michael Saylor’s company now called Strategy, bought 1,036 Bitcoin (BTC) last week, lifting its stack to 850,364 coins. Strive added 29 more, even as BTC slipped below Strategy’s $75,456 average cost.
Read →Exchanges
BlackRock Transfers 5,320 BTC and 40,720 ETH Worth $482.66 Million to Coinbase
BlackRock transferred 5,320 BTC and 40,720 ETH with a combined value of $482.66 million. According to bloomingbit, the assets were received by crypto exchange Coinbase. The purpose of the transfer was not specified in the report.
Read →