Over 63% of Ethereum's total supply now sits locked in staking contracts as institutional giants reshape the network's ownership landscape. New data reveals unexpected power players controlling billions in ETH.
The cryptocurrency ecosystem witnessed a seismic shift in Ethereum ownership as Arkham's latest research unveiled the top ETH holders across exchanges, governments, and individual investors. The ETH2 Beacon Deposit Contract dominates with 76.3 million ETH valued at $240 billion, representing more than 63% of the entire supply.
"From exchanges and ETF issuers to governments, hackers, and founders like Vitalik Buterin - who are the largest ETH holders today?" Arkham announced on X.
Binance emerged as the largest exchange holder with 4.1 million ETH worth $13 billion stored on behalf of customers. BlackRock, the world's largest asset manager, controls 3.4 million ETH ($11 billion) through its iShares Ethereum Trust ETF. Ethereum treasury company Bitmine follows closely with 2.9 million ETH verified on-chain, though the company reportedly holds over 4.1 million ETH tokens totaling approximately $14 billion.
Staking Dominance Reaches New Heights
The staking ecosystem continues its explosive growth trajectory. According to Coin Bureau's latest data on X, Ethereum staking climbed to an all-time high despite ETH trading below $2,000.
"Ethereum's staking ratio hits a new ATH surpassing 30% of total supply, with 36.8M ETH ($72 billion) now locked and nearly 1M validators securing the network," Coin Bureau reported.
This milestone demonstrates unwavering confidence in Ethereum's long-term prospects. The staking mechanism burns a portion of ETH used in gas fees, potentially making the asset deflationary during periods of high network activity—unlike Bitcoin's hard-capped 21 million supply.
Coinbase ranks as the second-largest exchange holder with 2.9 million ETH ($9 billion), combining cold storage and cbETH staking services. South Korean exchange Upbit maintains 1.5 million ETH ($4.8 billion), while OKX and Kraken each control approximately 1.1 million ETH valued at $3.4 billion.
Individual Whales and Lost Fortunes
Rain Lohmus stands as the largest individual ETH holder with 250,000 tokens worth $786 million. However, tragedy marks this fortune—Lohmus lost access to his private keys, rendering his $75,000 presale investment from 2014 permanently inaccessible despite representing a million-percent gain.
Vitalik Buterin, Ethereum's co-founder, holds the title of largest accessible individual holder with 240,000 ETH valued at $754 million. ICO investor James Fickel rounds out major individual holders with 49,000 ETH ($152 million). Arkham's AI predictions suggest Joseph Lubin (ConsenSys CEO) and co-founder Jeffrey Wilcke may also hold significant positions.
Layer 2 solutions continue gaining traction. Arbitrum's native bridge holds 770,000 ETH ($2.42 billion), while Base stores 736,000 ETH ($2.32 billion). These deposits signal growing adoption of scaling solutions addressing Ethereum's congestion challenges.
Dark Side of Wealth Concentration
Stolen funds represent a troubling category among top holders. The Gatecoin Hacker controls 156,200 ETH from a 2016 exploit that drained $2 million in user assets. The FTX Hacker maintains 92,600 ETH stolen during a November 2022 SIM-swap attack totaling $400 million in losses.
The US government emerged as an unexpected major holder with 64,700 ETH ($240 million)—the third-largest among its crypto holdings. These funds primarily originated from criminal seizures, including assets confiscated from Brian Krewson and the Bitfinex hackers.
Financial institutions beyond BlackRock also command significant positions. Grayscale holds 520,312 ETH ($1.64 billion), while Fidelity Custody maintains 368,553 ETH ($1.16 billion). The Wrapped Ether (WETH) contract stores over 2.6 million ETH ($8.11 billion), representing total WETH minted for cross-chain compatibility.
The concentration of Ethereum holdings among exchanges, institutions, and staking contracts illustrates the network's maturation. As nearly one million validators secure the blockchain and staking ratios hit record levels, Ethereum's transition from a speculative asset to institutional infrastructure appears nearly complete.
3 Key Takeaways:
ETH2 Deposit Contract holds 76.3M ETH ($240B), representing 63% of total supply locked in stakingBinance leads exchanges with 4.1M ETH while BlackRock controls 3.4M ETH through its iShares ETFEthereum staking hits all-time high with 36.8M ETH locked despite prices trading below $2,000
#Ethereum #ETHStaking #BlackRock #Binance
#CryptoInstitutional This Article First Appeared on: https://www.cryptonewslive.org/article/ethereum-giants-who-controls-2026s-richest-wallets