Trend Research Buys 46,379 ETH While Some Public Treasuries Sell Ether
Trend Research recently bought 46,379 ETH, raising its holdings to about 580,000 ETH—surpassing most public Ethereum treasuries except SharpLink Gaming and BitMine Immersion Technologies, which hold 859,853 ETH and over 4 million ETH, respectively. Although not publicly listed, Trend Research is notable for rapidly accumulating ETH, driven by LD Capital founder Jack Yi, who plans further purchases totaling $1 billion. This buildup among major holders is concentrating ETH treasuries despite overall market fragility. BitMine now controls more than 4 million ETH, aiming for 5% of total ETH supply. It plans to stake much of its treasury through its validator network to maximize yield and network influence, potentially securing dominant status in Ethereum’s proof-of-stake system. Meanwhile, some companies are selling ETH. ETHZilla sold 24,291 ETH to reduce debt, while FG Nexus has liquidated ETH to fund share buybacks. These sales are seen as balance sheet strategies, transferring ETH from distressed sellers to strategic buyers focused on future network dominance.
