Abraxas Capital's Alpha Bitcoin Fund Sends Another 1,993 BTC to Kraken; Total Deposits Reach $691M

Abraxas Capital's Alpha Bitcoin Fund transferred an additional 1,993 BTC, valued at $148.32 million, to Kraken, according to Lookonchain. The latest move lifts the fund's total deposits to the exchange to $691 million since mid-March. Despite the sizable transfers, the fund still holds 20,337 BTC worth about $1.51 billion.