Trend Research Boosts Ether Holdings Past 580,000 ETH as Treasury Concentration Grows

Quick Breakdown 

• Trend Research now holds ~580,000 ETH, overtaking most public Ethereum treasuries despite being a privately held entity.
• Jack Yi plans to deploy another $1 billion into Ether, reinforcing long-term institutional conviction.
• Corporate strategies diverge: BitMine staking aggressively, while ETHZilla and FG Nexus sell to manage debt and buy back shares.

Trend Research has quietly emerged as one of the largest Ether holders globally, accelerating corporate accumulation of ETH even as market sentiment remains cautious.

Trend Research ramps up ETH buying spree

Trend Research added 46,379 Ether on Wednesday, lifting its total holdings to approximately 580,000 ETH, to blockchain data. The purchase places the firm ahead of most Ethereum treasury holders

Only two publicly listed companies, SharpLink Gaming and BitMine Immersion Technologies, currently disclose larger Ether balances, holding roughly 859,853 ETH and over 4 million ETH, respectively.

Although Trend Research is not publicly listed and therefore excluded from most treasury rankings, its rapid accumulation has drawn significant attention across the crypto industry.

Backed by LD Capital’s Jack Yi

Trend Research is linked to Jack Yi, founder of LD Capital, who has overseen a series of large ETH purchases since October. In a post on X on Thursday, Yi

The aggressive buying by Trend Research, alongside growing public treasury positions at BitMine and SharpLink, is increasing ETH supply concentration, a notable trend as broader crypto markets remain fragile.

BitMine eyes 5% of the ETH supply

The accumulation wave follows BitMine’s disclosure that it now holds more than 4 million ETH, representing over 3.3% of the circulating supply. The company has set an ambitious target of owning 5% of all Ether.

BitMine plans to stake a large portion of its holdings through its Made in America Validator Network, aiming to generate consistent staking rewards while strengthening its role in Ethereum’s consensus layer.

Not all treasuries are adding

While some firms are aggressively accumulating, others are trimming exposure. ETHZilla recently

Meanwhile, FG Nexus, a US-listed specialty finance and insurance holding company, has been