Trend Research increases holdings by 46,379 ETH, worth $137 millions
BlockBeats News, December 24, according to on-chain analyst Yu Jin's monitoring, Trend Research, a secondary investment institution under Yilihua, continued to increase its holdings by leveraging loans to acquire 46,379 ETH today, worth approximately $137 million.
Trend Research began bottom-fishing ETH in early November, when the price was $3,400. Up to now, it has purchased a total of about 580,000 ETH, with a total value of approximately $1.72 billion, at an average cost of about $3,208 per ETH. The current position is estimated to have an unrealized loss of about $141 million.
Trend Research previously used leveraged loans to purchase ETH, borrowing a total of 887 million USDT from Aave, with a leverage ratio of about 2x.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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