Around 70% of all ETH is held by just 10 addresses, with nearly half residing in the Beacon Deposit Contract. Big institutions like BlackRock and Fidelity own millions of ETH, shifting ownership away from early adopters to platforms and services. The top 10 addresses control 83.9 million ETH, with top 200 wallets holding over 62.76 million ETH.

The Beacon Deposit Contract holds 65.88 million ETH, making it the largest ETH holder. Coinbase, Binance, and other exchanges hold substantial amounts, with Coinbase alone owning 4.93 million ETH. Institutional ownership is on the rise, with BlackRock’s iShares Ethereum Trust now holding over 3 million ETH.

Public companies like Bitmine Immersion Technologies and SharpLink Gaming are acquiring large amounts of ETH, treating it as a treasury asset. Corporate treasuries hold hundreds of thousands of ETH, actively staking for returns. Individuals like Vitalik Buterin and Rain Lõhmus, along with the Winklevoss twins, are also major ETH holders.

Tools like Nansen’s Token God Mode, Dune Analytics, and Etherscan help track Ethereum ownership distribution. These platforms categorize wallets by behavior, linking them to exchanges, funds, or individuals. However, limitations exist, such as reused deposit addresses inflating figures and privacy techniques obscuring real control over ETH holdings.

Read more at CoinTelegraph: Who Owns the Most Ethereum in 2025? Inside the Ethereum Rich List