Trend Research Expands Ether Holdings to $1.83 Billion with Recent Purchases
- Trend Research acquired $35 million in Ether (ETH), increasing total holdings to over 601,000 ETH valued at approximately $1.83 billion.
- The firm recently purchased an additional 16,078 ETH for $48 million, bringing total holdings to about 607,828 ETH.
- Trend Research has borrowed $958 million in stablecoins from Aave, with an average purchase price of around $3,265 per ETH.
- Founder Jack Yi expressed a bullish outlook for the first half of the upcoming year and plans to continue purchasing Ether until a bull market materializes.
- In contrast, Fundstrat Global Advisors predicts a potential drawdown for Ether to around $1,800 in early next year.
Despite differing market predictions, Trend Research’s aggressive accumulation strategy positions it as the third-largest holder of Ether globally, following Bitmine and SharpLink Gaming.
With recent purchases totaling over $83 million in Ether this week alone, Trend Research continues to assert its commitment to building its position in the cryptocurrency market amidst contrasting forecasts from other industry analysts.
