Trend Research has strengthened its Ethereum position with an additional purchase of 9,939 ETH, valued at $30.85 million, bringing its total holdings to 636,815 ETH, worth approximately $1.98 billion at current prices.
The Hong Kong-based firm transferred the newly acquired 9,939 ETH to Aave V3 and then borrowed $20 million in USDT to purchase more Ethereum, reinforcing its long-term accumulation strategy. Trend Research founder Jack Yi previously stated that the company remains bullish on Ethereum and intends to continue buying until the next bull market arrives.
Meanwhile, BitMine Immersions Technologies announced the purchase of an additional 35,268 ETH over the past week, raising its total holdings to 4,203,036 ETH, valued at $12.73 billion. According to BitMine Chairman Thomas Lee, the company stakes more ETH than any other entity globally, generating $374 million annually from staking. BitMine also holds 192 BTC, worth approximately $17.39 million.
Institutional demand is also evident in U.S.-listed spot Ethereum ETFs, which have accumulated $479.04 million in ETH over the past five days and hold $20.43 billion in Ethereum, representing roughly 5.14% of the cryptocurrency’s market capitalization.
Sources: Arkham Intelligence
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