According to Crypto Rover, Abraxas Capital has purchased an additional $115.3 million in Ethereum (ETH), raising their total ETH holdings to approximately $837 million (source: Crypto Rover on Twitter, May 20, 2025). This substantial acquisition highlights growing institutional interest in Ethereum, potentially driving bullish sentiment and increased market momentum for ETH. Traders should note that such large-scale purchases by major funds can influence price action and liquidity in the near term, signaling confidence in Ethereum’s long-term value proposition.