Group 1 - The core point of the article highlights that Trend Research, a subsidiary of Yilihua, currently holds 651,300 ETH, valued at approximately $1.92 billion [1] - The average cost basis for the holdings is around $3,180 per ETH [1] - Based on the current secondary market price of $2,850, the institution is facing a paper loss of $214.9 million [1]