Trend Research Expands Ethereum Portfolio
Trend Research has significantly increased its holdings of Ethereum (ETH), now possessing 636,815 ETH, valued at approximately $1.98 billion at current market prices. Onchain data reveals that the firm recently acquired an additional 9,939 ETH for $30.85 million. This newly purchased ETH was then deposited into Aave V3, a decentralized finance lending and borrowing platform. Following this, Trend Research borrowed $20 million in USDT to further increase its Ethereum investment.
The Hong Kong-based investment firm Trend Research has been actively acquiring more Ethereum, as indicated by onchain data analyzed by Arkham Intelligence. The firm initially borrowed $30 million in USDT from Aave and subsequently purchased 9,939 ETH for approximately $30.85 million from Binance.
Trend Research has bought 9,939 $ETH worth $30.85M from #Binance and supplied it into #Aave V3 and borrowed $20M $USDT to buy more $ETH.
They now hold 636,815 $ETH, valued at $1.98B https://t.co/xvp499tawt https://t.co/AM8HL1CiW0
— Onchain Lens (@OnchainLens) January 20, 2026
Trend Research transferred the 9,939 ETH it recently acquired to Aave. Subsequently, the firm borrowed an additional $20 million in USDT, which was then used to purchase more ETH. With these transactions, Trend Research's total ETH holdings have reached 636,815 ETH, currently valued at $1.98 billion.
Jack Yi, the founder of Trend Research, previously expressed optimism regarding the cryptocurrency market's performance in the first half of 2026. He stated his intention to continue acquiring Ethereum until the bull market fully materializes.
On December 12, Trend Research shared on X that it remained bullish on ETH following a market downturn. The firm cited the increasing integration of crypto assets into traditional finance as a reason for its continued optimism about the future.
BitMine Immersions Technologies Also Boosts Ethereum Holdings
Bitmine Immersions Technologies has also announced an increase in its Ethereum holdings. A press release dated January 20 detailed the company's acquisition of an additional 35,268 ETH within the past week. Thomas Lee, Chairman of Bitmine, observed that Ethereum's price ratio relative to Bitcoin has been on an upward trend since mid-October. He attributed this to investors recognizing the value of tokenization and other use cases being developed on the Ethereum network by Wall Street firms.
Lee further highlighted BitMine's significant commitment to ETH staking, noting that the company has staked more ETH than any other entity globally. He stated that BitMine's annual ETH staking fees amount to $374 million, which translates to over $1 million per day.
A recent report from Cryptopolitan, dated January 20, indicated that BitMine had staked approximately 86,848 ETH, bringing its total staked ETH to 1.77 million ETH, valued at roughly $5.66 billion. The publication also pointed out a decline in Ethereum supply held on exchanges. This supply squeeze is reportedly driven by growing institutional demand for Ethereum, fueled by exchange-traded funds (ETFs) and public companies like BitMine.
According to data from crypto analytics platform CoinGecko, BitMine Immersions leads all publicly listed companies in terms of Ethereum holdings. The company currently holds 4,203,036 ETH, valued at $12.73 billion at current prices. This substantial holding represents 3.48% of Ethereum's total supply.
Additional data from Bitcoin Treasuries shows that BitMine has added 235,826 ETH to its reserves in the last 30 days. The company also holds 192 Bitcoins, valued at $17.39 million, ranking it 86th among the world's largest corporate Bitcoin holders.
Spot Ethereum ETFs Show Strong Inflows
U.S.-listed spot Ethereum exchange-traded funds (ETFs) have also been actively accumulating Ethereum. Data from the ETF tracking website SosoValue indicates that these funds have acquired $479.04 million worth of ETH in the past five days.
The data further reveals that these ETFs experienced inflows totaling $584.91 million in January alone, with the highest single-day inflow of $175 million recorded on January 14. Collectively, these funds now hold $20.43 billion in Ethereum, which accounts for approximately 5.14% of the total market capitalization of the cryptocurrency.
Despite this significant institutional buying activity, Ethereum has experienced a price decline of 6.05% over the last 24 hours, with a seven-day decline of 4.46%.
Data from CoinGecko shows that Ethereum is currently trading at $3,019. As of the time of this publication, the cryptocurrency has seen a year-to-date increase of 2.13%.