Trend Research posts a $747 million loss after unwinding most of its Ethereum treasury position at significantly lower prices. The fund accumulates 792,532 ETH, valued at about $2.59 billion, at an average purchase price of $3,267 per token.
As market conditions deteriorate, Trend Research sells 772,865 ETH at approximately $2,326 per token. The liquidation locks in substantial realized losses as the price gap between acquisition and sale widens amid broader crypto market volatility.
The episode highlights the risks associated with concentrated treasury strategies tied to digital assets. Rapid price swings in Ethereum underscore how large-scale positioning can translate into significant balance sheet impact during market downturns.
