Key control:
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About 70% of all ETHs remain in just 10 addresses, but most belong to contracts, exchanges or funds, not individual whales.
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Almost half of all ETHs are in a single intelligent contract: the beacon deposit contract that drives the Ethereum’s tobacconist test system.
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The big institutions such as Blackrock, Fidelity and the companies listed now have millions of ETH, making Ether a serious treasury asset.
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The property of ETH has moved from the first users. Today, it is the platforms and services that are built on top.
As of August 2025, the chain data shows that the 10 main ether holders (ETH) control around 83.9 million ETH (approximately 70% of the total circulating supply).
So, the community has begun to ask: who has the majority of ETH? The response points to intelligent contracts at the protocol level, important exchanges, trustees of funds quoted in exchange (ETF) and even public companies.
This article explores the rich list in Ether of 2025, from the Stading Contract of Beacon and hot coinbase wallets to the Blackrock Etha Trust and the legendary holdings of Vitalik Buterin.
The superior ether addictions per balance
Ether’s circulating supply in mid -2025 is approximately 120.71 million ETH. After the tong update in May, the broadcast has stabilized near Net Zero. This provides the backdrop to understand the distribution of ether property.
As briefly explored, the 10 main ether directions have 83.9 million ETH as of August 4, 2025 (approximately 70% of the total supply).
In a broader aspect, the 200 main wallets represent more than 52%, have more than 62.76 million ETH (most of these holdings are linked to rethinking contracts, exchange liquidity, tokens bridges or custody funds). Unlike inactive Bitcoin whales addresses, these ether whales directions are actively used infrastructure, which reflects ETH’s capacity for decentralized finance operations (DEFI) and adequate commitment institutional.
Who has more ether in 2025?
As of August 4, 2025, the beacon deposit contract has approximately 65.88 million ETH, which represents approximately 54.58% of the total circulating offer of 120.71 million ETH.
These figures are widely consistent with the March 2025 reports, which estimated participation in around 55.6% (see the figure below).
This intelligent contract is the entry point for the validators of Ethereum, each of which must deposit at least 32 ETH to participate in obtaining the network.
Even after retirement functionality was enabled in 2023, funds are not instantly liquids. The validators must leave the active set, wait about 27 hours during the period of ogran and then trust a scan controlled by the protocol to release ETH.
This makes the beacon contract the largest holder of ETH, not a person, but the network itself.
With cutting sanctions and structured outputs, it guarantees the responsibility of the validator. Even so, some critics argue that concentrating half of the supply in a single contract introduces systemic risks in case of coordinated outputs or errors at the protocol level.
Did you know? The Ether intelligent contract (Weth) wrapped is also located as one of the largest owners of ETH, currently has more than 2.26 million ETH (around 1.87% of the circulating offer).
The second largest ETH wallets
As of August 22, 2025, these exchanges and custodians are located among the largest headlines of ETH:
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Coinbase: 4.93 million ETH (around 4.09% of the supply)
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Binance: 4.23 million ETH (around 3.51%)
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Bitfinex: 3.28 million ETH (around 2.72%)
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Base network bridge: 1.71 million ETH (around 1.4%)
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Robinhood: 1.66 million ETH (around 1.37%)
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UPBIT: 1.36 million ETH (around 1.13%).
These directions represent an active infrastructure layer where the ether is used in order to support exchange liquidity, betting derivatives such as CBETH and union assets in the chains.
Larger ETH wallets in 2025
At the end of July 2025, the Ishares Ethereum Trust (ETHA) of Blackrock promoted an important change in the institutional property of ETH. With $ 9.74 billion in net tickets, Etha now (August 2025) has more than 3 million ETH (around 2.5% of the total supply), which makes it one of the largest ETH wallets of 2025.
Grayscale’s ETHA is still a key player, with 1.13 million ETH under administration. The Ethereum Fidelity Fund (Feth), launched in 2024, has reached $ 1.4 billion in tickets, while Bitwise is turning from the Bitcoin exhibition only to ETH -based mandates with rethinking characteristics.
Together, these institutions now control more than 5 million ETH (4.4% of the offer), thus changing the image of ETH retention patterns. They represent a new kind of millionaires that are regulated, based on ETF and stinks.
Corporate ether whales addresses
A growing number of public companies is now following a play book similar to the Bitcoin Plan (BTC) of the strategy (but with rethinking) to treat ETH as a treasure asset. The examples include, but are not limited to:
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Bitmine Immersion Technologies (NYSE: BMNR) has more than 776,000 ETH (around $ 2 billion), financed by a $ 250 million pipe round.
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Sharplink Gaming (Nasdaq: SBET) has acquired around 480,000 ($ 1.65 billion) since June.
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Digital Bit (Nasdaq: BTBT) has around 120,000 ETH, after having moved the Bitcoin increase after the capital.
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BTCS (NASDAQ: BTCS) reports around 70,028 ETH (around $ 275 million), financed by convertible notes.
Most ETH is actively suitable and earns about 3% -5% APy. These companies cite the programability of Ethereum, the Stablecoin ecosystem and regulatory clarity (such as Genius law) as the basis of its ETH strategies.
This new ETH billionaire list includes not only individuals but also corporate treasure bonds that bet on Ether’s long -term value.
The multimillionaire eth list
While intelligent contracts and institutions dominate the Rich Ethereum 2025 list, some people still stand out as important ETH holders.
It is believed that Vitalik Butein, co -founder of Ethereum, has between 250,000 and 280,000 ETH (around $ 950 million), mainly in a small number of non -custodial wallets, including the well -known VB3 address.
Rain Lõhmus, co -founder of LHV Bank, bought 250,000 ETH during the initial currency offer (ICO) 2014 but lost access to the private key. Their coins remain intact, now they are worth about $ 900 million.
It is believed that Cameron and Tyler Winklevos, the first investors and founders of Gemini, personally control 150,000-200,000 ETH, separated from the Gemini exchange treasure of more than 360,000 eth.
It is estimated that Joseph Lubin, co -founder of Ethereum and Head of Consensys, retains approximately 500,000 ETH (about $ 1.2 billion), although it has never been officially confirmed.
According to the reports, Anthony Di Iorio, another Ethereum co-founder, owns 50,000-100,000 eth.
Did you know? In early 2025, Etherscan data showed more than 130 million unique addresses, but less than 1.3 million have at least 1 ETH, less than 1% of the total. That unique ETH places it in a rare company on the Ether Rich Rich list of 2025.
How to track the distribution of ownership of Ethereum
The identification of the main Éter holders in 2025 is based on tools such as the mode of God token in Nansen, Dune Analytics and Eserscan. These platforms classify wallets by behavior, linking them to exchanges, funds, intelligent contracts or individuals.
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God’s way of Token mapping wallet groups to known entities, tracks the entrances/outputs and classifies the largest ETH wallets in 2025.
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Dunas panels use scheme tables such as “labels. Adpressas” to separate externally property accounts (EOA) of intelligent contracts and exchanges, generating ideas in the public directions of Ethereum and ETH retention patterns.
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Etherscan Label Label based on the history of transactions, the attribution or evidence sent by the user, which supports the transparency of the cryptographic wallet. Together, these sources help describe the distribution of ether ownership.
However, the limits remain. Reusted deposit addresses can inflate figures, cold wallets can evade the grouping and privacy techniques darken real control. Even the 200 main Ethereum addresses for balance probably include fragmented or poorly labeled entities. ETH addresses classifications reflect a combination of certainty and statistical inference, not total visibility.
Did you know? One of the ETH wallets without touching older (probably of the ICO 2014) still has around 250,000 ETH (about 0.2% of the supply) and has not moved a GWEI in almost a decade.
This article does not contain advice or investment recommendations. Each investment and trade movement implies risk, and readers must carry out their own investigation by making a decision.