Trend Research, an investment firm, borrowed $137 million to buy 46,379 ETH, increasing its total holdings to 580,000 ETH. The average acquisition cost is around $3,208 per ETH, with current market value at $1.72 billion, reflecting a paper loss of $141 million. The firm leveraged 887 million USDT from Aave at approximately 2x leverage and previously profited $24.48 million from shorting ETH.
Trend Research Acquires 46,000 ETH with Leverage, Holding 580,000 ETH Amid $141M Paper Loss
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