Ethereum’s Biggest Holders in 2025: Exchanges, Funds, and Key Investors

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Ah, the ever-fluctuating, pulse-quickening world of Ethereum. This digital goddess has managed to eclipse even Bitcoin in the race for investor adoration, drawing eyes from every corner of the globe-be it from the corporate Goliaths, the institutional titans, or the thrilling, eternally optimistic early adopters.

But let us not bury the lede, dear reader. Who, pray tell, holds the largest portions of this intoxicating ether nectar? Let’s peel back the veil and uncover this mystifying fortune.

The Supply of Ethereum: A Modern-Day Odyssey

According to the impeccable sages over at Coinbase, Ethereum’s circulating supply is a staggering 121 million ETH. Unlike its sullen cousin Bitcoin, Ethereum has no supply cap to chain it down. However, clever upgrades like EIP-1559 have come to the rescue, gradually “burning” portions of transaction fees, thus shrinking the ETH supply bit by glorious bit.

Now, here’s where it gets spicy-one of the largest holders of ETH is not a person. Not a faceless CEO in a high-rise. Oh no, it’s the Beacon Deposit Contract, which hoards a jaw-dropping 68.2 million ETH. That’s over 56% of the total supply, folks! This beauty is staking its claim to secure the proof-of-stake network, serving as Ethereum’s beating heart. If you ask me, it’s practically the guardian angel of the whole ecosystem. 😇

Exchanges & Custodians: The Digital Vaults

Now let’s talk about the real heavy hitters-those who control the lion’s share of Ethereum. The centralized exchanges and custodians are the true moguls of this cryptographic empire:

  • Coinbase: over 5.3 million ETH (a solid chunk, if you ask me)
  • Binance: a casual 4.2 million ETH
  • BlackRock: 3.2 million ETH (because, why not? Even the titans can’t resist)
  • Wrapped Ether (WETH): 2.27 million ETH

And let’s not forget the under-the-radar players like Base Network’s bridge, Robinhood, Upbit, Kraken, OKX, and Bitfinex-each quietly hoarding their digital treasures.

Oh, and in a deliciously ironic twist, the U.S. government has seized a cozy little stash of 60,000 ETH. The government? Yes, indeed. They’ve taken the spoils of hackers and fraudsters alike, making us all wonder about the curious habits of those who hold the keys to the digital kingdom. 🚔

Ethereum’s appeal extends well beyond Wall Street, by the way. Big names like Donald Trump, Mark Cuban, and Justin Bieber are among those sporting Ethereum wallets, proving that even in the world of celebrity and politics, Ethereum is the new cool kid on the block.

ETFs: The Corporate Suit’s Favorite New Toy

Now, let’s talk about the glittering allure of Ethereum ETFs. These funds are gobbling up ETH in the same way a child consumes candy on Halloween. According to Strategic ETH Reserve, here’s how the top players stack up:

First, the iShares Ethereum Trust (ETHA) with a mouthwatering 3.8 million ETH, followed closely by the Grayscale Ethereum Trust (ETHE) with 1.2 million ETH, and Fidelity’s Ethereum Fund (FETH) with 817,500 ETH.

But that’s just the tip of the iceberg. ETFs like Bitwise, VanEck, Franklin, 21Shares, and Invesco collectively hold a staggering 6.74 million ETH. That’s worth about $29.6 billion, accounting for around 5.6% of the total supply. 😱

Ethereum as Corporate Gold: Treasure Beyond the Vault

And the companies! Let’s not forget the corporate giants, hoarding their ETH like modern-day treasure hunters. Bitmine Immersion is leading the pack with a regal 1.8 million ETH worth a cool $7.86 billion, followed by SharpLink Gaming with 798K ETH, and The Ether Machine with 345K ETH.

Altogether, about 15 companies control a neat 3.3 million ETH-roughly 2.75% of the total supply. These entities are not just playing around; they’re in it for the long haul.

But wait, there’s more! A handful of individuals also hold sizeable portions of Ethereum. Vitalik Buterin, the ethereal founder himself, holds an impressive 250K-280K ETH. Meanwhile, the Winklevoss twins, ever the digital moguls, own 150K-200K ETH. And let’s not forget Joseph Lubin and Anthony Di Iorio, who each hold hundreds of thousands of ETH. It’s like a crypto-royalty club, and the entry fee? A very hefty sum.

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2025-09-01 16:21