Abraxas Capital Management deposits $98.92M worth of BTC into Kraken

A wallet linked to Abraxas Capital Management deposited 1,000 BTC ($98.92 million) into Kraken Exchange around two hours ago, according to on-chain analyst The Data Nerd on X. The BTC was acquired three weeks ago at an average price of $84,713 per BTC. If sold, the wallet would realize a profit of approximately $14.21 million. As of now, it still holds 983 BTC, valued at around $97.43 million.