UK investment firm acquires $250M in Bitcoin before Easter

Abraxas Capital, a London-based investment firm, purchased 2,949 Bitcoin (CRYPTO:BTC) valued at over $250 million in the days leading up to Easter, according to blockchain analytics data.

The acquisition included a single transaction of more than $45 million in Bitcoin from Binance on April 18, signaling continued institutional interest in the cryptocurrency market amid global economic uncertainty and ongoing trade tensions.

This move follows a similar purchase by MicroStrategy, which recently acquired $285 million in Bitcoin at an average price of $82,618 per coin, reinforcing the trend of large investors accumulating Bitcoin in 2025.

Recent data shows that whales and institutions are absorbing over 300% of Bitcoin’s annual issuance, while exchanges are experiencing historic outflows, according to market analysts.

Despite this accumulation, analysts are monitoring the medium-term Bitcoin cohort—holders who typically retain coins for three to six months—as over 170,000 Bitcoin from this group have recently entered circulation, raising questions about potential market volatility.

However, some analysts suggest these movements may be operational transfers rather than signs of imminent selling pressure, especially as funding rates remain flat and US markets are closed for the Easter holiday.

“Large on-chain movement of coins hardly ever affects weekend price action since it’s not on liquid markets or CEX markets,” stated Bitfinex analysts, noting that volatility could be suppressed barring unexpected headlines from the White House.

The past two weekends have seen notable disruptions in the crypto markets, including a sharp drop in the Mantra (CRYPTO:OM) token and a dip in Bitcoin below $75,000 following a record $5 trillion sell-off in the S&P 500.

At the time of reporting, the Bitcoin (BTC) price was $87,459.79.