The largest Ethereum holders of 2025.
1. Network / Staking
ETH2 Beacon (deposit contract) – over 66.8 million ETH (~$287 billion), more than half of all circulating coins.
Controls coins through validator staking.
2. Crypto exchanges (top-20 addresses) – 55% ETH owned by top addresses
Coinbase – $18 billion ETH (storage and staking)
Binance – $12 billion ETH
Kraken – $1.7 billion ETH
3. Institutional holders
BlackRock – 3.2 million ETH (~$14.2 billion) for its spot Ethereum ETF
BitMine – 1.71 million ETH (~$7.5 billion)
4. Largest private holders
Rain Limus (Estonia) – 250,000 ETH (unavailable, “burned”)
Vitalik Buterin – 240,000 ETH (active owner)
Others: James Fickel, celebrities (Justin Bieber – 146.5 ETH)
5. Illegal ownership
Hacker Gatecoin – 156,200 ETH
Hacker FTX – 95,700 ETH
6. Government confiscated
USA – 60,000 ETH (~$266 million)
Conclusion: the largest controller of ETH is not an individual, but the network through staking. Among individuals, institutions and active private holders lead, while classic “whales” and early investors are gradually making way for network mechanisms.
