Private Investment Firm Quietly Joins Top Tier of Ethereum Treasury Holders
A low-profile but aggressive accumulation strategy has pushed Trend Research into the ranks of the world’s largest Ethereum holders, highlighting how private capital is positioning itself during a period of fragile market sentiment.
Trend Research recently acquired 46,379 ETH, lifting its total holdings to approximately 580,000 Ether. This move places the firm behind only two publicly listed entities with larger disclosed balances, underscoring the scale of its exposure despite operating outside public markets.
The firm is a secondary investment vehicle linked to Jack Yi, a prominent crypto investor, and blockchain data shows that its accumulation campaign began in October. The latest purchase was executed quietly, without formal announcements, yet on-chain records reveal a consistent pattern of large inflows. Statements attributed to Yi suggest the firm is preparing up to $1 billion in additional capital to continue buying ETH, signaling long-term conviction rather than short-term speculation.
This growing concentration of Ether among corporate and quasi-institutional holders is reshaping Ethereum’s ownership landscape. Analysts note that such accumulation is often tied to strategic objectives, including staking yields, network influence, and balance sheet optimization. Unlike retail dip buying, these moves aim to turn ETH into productive infrastructure capable of generating recurring returns.
At the same time, other firms have reduced exposure, selling Ether to service debt or fund share buybacks. This contrast highlights a broader redistribution underway, where ETH is moving from liquidity-stressed entities to investors seeking to anchor themselves to Ethereum’s future economic rails.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.

