According to Crypto Rover, Abraxas Capital continues to accumulate Ethereum, now holding over $655 million worth of ETH as of May 2025 (source: Crypto Rover on Twitter). This sustained institutional accumulation positions Abraxas Capital as a leading Ethereum holder, drawing parallels to Michael Saylor’s Bitcoin strategy. Such large-scale buying signals robust institutional confidence and can create upward price pressure, influencing both short-term and long-term ETH trading strategies. Traders should closely monitor wallet flows and on-chain data for further accumulation trends, as these movements can impact Ethereum price volatility and overall market sentiment.