Braxas Capital continued to reduce its holdings by 1,469 BTC, bringing its total reduction to 2,469 BTC in just over a day.

CoinFeed reported on June 4th that, according to on-chain analyst Ember, crypto asset management firm Abraxas Capital continued to reduce its holdings by 1469 BTC, transferring the 1469 BTC ($98.45 million) to Kraken and then withdrawing 22.71 million USDC. Over the past day and a half, it has cumulatively reduced its holdings by 2469 BTC ($166 million), at an average price of $67,210.