"Around 70% of all ETH is held by just 10 addresses, but most belong to staking contracts, exchanges or funds, not individual whales. Nearly half of all ETH sits in a single smart contract: the Beacon Deposit Contract that powers Ethereum's proof-of-stake system. Big institutions like BlackRock, Fidelity and listed companies now hold millions of ETH, turning Ether into a serious treasury asset. ETH ownership has moved on from early adopters. Today, it's all about the platforms and services building on top of it."
"As of August 2025, onchain data shows that the top 10 Ether (ETH) holders control around 83.9 million ETH (about 70% of the total circulating supply). So, the community has started asking: Who actually holds the majority of ETH? The answer points to protocol-level smart contracts, major exchanges, exchange-traded fund (ETF) trusts and even public companies. This article explores the Ether rich list of 2025, from the Beacon staking contract and Coinbase's hot wallets to BlackRock's ETHA trust and Vitalik Buterin's legendary holdings."
Approximately 70% of Ether is concentrated in the top 10 addresses, totaling about 83.9 million ETH. Nearly half of ETH is locked in the Beacon Deposit Contract that secures Ethereum's proof-of-stake consensus. Ether's circulating supply in mid-2025 is roughly 120.71 million ETH, with issuance stabilized near net zero after the Pectra upgrade. The top 200 wallets control over 52% of supply, holding more than 62.76 million ETH, largely in staking contracts, exchange liquidity pools, token bridges, or custodial funds. Major institutions and ETF trusts now hold millions of ETH, making Ether a treasury asset. Ether whale addresses operate as active infrastructure supporting staking, DeFi, and institutional operations.
Read at cointelegraph.com
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