Abraxas Capital buys $250M in Bitcoin ahead of Easter as market eyes calm weekend
British investment firm Abraxas Capital has emerged as one of the biggest Bitcoin buyers of the past week.
According to Cointelegraph, citing Lookonchain data, a wallet associated with the London-based firm purchased 2,949 BTC worth over $250 million during the four days leading up to April 19.In the most recent transaction, Abraxas Capital bought more than $45 million worth of Bitcoin from Binance on April 18.
Source: Arkham Intelligence, Lookonchain
These purchases follow shortly after Michael Saylor acquired $285 million worth of BTC at an average price of $82,618, as the world’s largest corporate Bitcoin holders signal continued confidence in the asset amid global tariff uncertainty.
Major Bitcoin investors, or whales, continue to accumulate aggressively, absorbing over 300% of Bitcoin’s annual issuance, while exchanges keep losing coins at historic rates.
Volatile April, but calm Easter ahead?
While the market faces volatility risks from significant movements among mid-term Bitcoin holders (holding BTC for 3 to 6 months), CryptoQuant analyst Mignolet reports that over 170,000 BTC have recently entered circulation from this group.
Bitfinex analysts, however, anticipate a relatively quiet Easter weekend, noting that large on-chain movements tend to have less price impact during holidays.
“Moreover, U.S. markets are closed for the long Easter weekend, so volatility may be suppressed unless headline news comes from the White House,” they said.
Concerns about crypto price drops have been heightened recently by the collapse of the OM (Mantra) token, which plummeted more than 90% on Sunday, April 13, sparking market manipulation accusations and exposing "critical" liquidity issues in the industry.
Bitcoin price dynamics for 24 hours. Source: CoinMarketCap
Two weeks earlier, on Sunday, April 6, Bitcoin dropped below $75,000 as investor fears were fueled by a record $5 trillion sell-off in the S&P 500.
“Bitcoin's correction was driven by its 24/7 availability, making it the only major liquid asset accessible for de-risking,” said Blockstream CEO Adam Back.
However, with light weekend volumes, markets are more vulnerable to sudden flash crashes that often quickly rebound.
As 2025 unfolds, Bitcoin's trajectory could be significantly shaped by a handful of powerful market players, according to Matt Hougan, Bitwise Chief Investment Officer.
Latest Bitcoin News
-
Afghanistan
-
Albania
-
Algeria
-
Angola
-
Argentina
-
Armenia
-
Australia
-
Austria
-
Azerbaijan
-
Bahamas
-
Bahrain
-
Bangladesh
-
Belarus
-
Belgium
-
Bolivia
-
Botswana
-
Brazil
-
Brunei
-
Bulgaria
-
Cambodia
-
Cameroon
-
Canada
-
Chile
-
China
-
Colombia
-
Congo
-
Costa Rica
-
Cote d'Ivoire
-
Croatia
-
Cuba
-
Cyprus
-
Czechia
-
DR Congo
-
Denmark
-
Dominican Republic
-
Ecuador
-
Egypt
-
El Salvador
-
Estonia
-
Eswatini
-
Ethiopia
-
Finland
-
France
-
Georgia
-
Germany
-
Ghana
-
Greece
-
Haiti
-
Hong Kong
-
Hungary
-
India
-
Indonesia
-
Iran, Islamic republic
-
Iraq
-
Ireland
-
Israel
-
Italy
-
Jamaica
-
Japan
-
Jordan
-
Kazakhstan
-
Kenya
-
Korea
-
Kuwait
-
Kyrgyzstan
-
Laos
-
Latvia
-
Lebanon
-
Lesotho
-
Libya
-
Lithuania
-
Luxembourg
-
Madagascar
-
Malaysia
-
Malta
-
Mauritius
-
Mexico
-
Moldova
-
Mongolia
-
Montenegro
-
Morocco
-
Mozambique
-
Myanmar
-
Namibia
-
Nepal
-
Netherlands
-
New Zealand
-
Nigeria
-
North Macedonia
-
Norway
-
Oman
-
Pakistan
-
Palestine
-
Panama
-
Papua New Guinea
-
Paraguay
-
Peru
-
Philippines
-
Poland
-
Portugal
-
Puerto Rico
-
Qatar
-
Reunion
-
Romania
-
Rwanda
-
Saudi Arabia
-
Serbia
-
Singapore
-
Slovakia
-
Slovenia
-
Somalia
-
South Africa
-
Spain
-
Sri Lanka
-
Sweden
-
Switzerland
-
Syria
-
Taiwan
-
Tajikistan
-
Tanzania
-
Thailand
-
Trinidad and Tobago
-
Tunisia
-
Turkey
-
UAE
-
Uganda
-
Ukraine
-
United Kingdom
-
United States
-
Uruguay
-
Uzbekistan
-
Venezuela
-
Vietnam
-
Yemen
-
Zambia
-
Zimbabwe
- Forex
- Crypto
