Trend Research bought 46,379 ETH, increasing its holdings to 580,000 ETH, surpassing most public Ethereum treasuries. SharpLink Gaming and BitMine Immersion Technologies hold larger ETH balances. Trend Research, not publicly listed, drew attention for rapid ETH accumulation led by LD Capital founder Jack Yi. Yi plans to invest another $1 billion in ETH.

BitMine announced over 4 million ETH on its balance sheet, aiming for 5% of the circulating supply. It plans to stake a significant portion through its Validator Network to generate yield. The goal is to dominate Ethereum’s proof-of-stake consensus and lower the average cost basis regardless of price action.

ETHZilla sold 24,291 ETH to redeem convertible notes, reducing its stash to around 69,800 ETH. FG Nexus liquidated Ether for a share repurchase program. This move is seen as a balance sheet maneuver to redeem debt or execute stock buybacks. Liquidations represent a transfer of wealth from distressed entities to those ready to own the network’s future.

Read more at Cointelegraph: Trend Research Buys 46,379 ETH While Some Public Treasuries Sell Ether