6 Giants of Ethereum: The Biggest Holders You Should Know About

Updated

August 23, 2025

Gambar 6 Giants of Ethereum: The Biggest Holders You Should Know About

Jakarta, Pintu News – Ethereum , once synonymous with open-source idealists and decentralized application developers, is now rapidly evolving into something much bigger: a global financial infrastructure asset.

As the network transitions to a post-Merge identity and the trend towards institutional staking increases, ETH has evolved beyond its role as simply “fuel” for smart contracts.

Today, ETH is the main foundation of on-chain finance as well as a strategic asset in the coffers of companies, investment funds, and governments. But where is all that ETH actually stored?

Just as Bitcoin has its “whales”, the Ethereum ecosystem is also made up of giant smart contracts, exchange wallets, staking vaults, and a handful of individuals who got in early.

From Beacon Chain, Coinbase, Grayscale, to new corporate players-here’s a look at who the biggest ETH holders will be in 2025 and how much they’re worth.

Ethereum in Numbers – 2025 Performance

Ethereum’s journey through 2025 has not been flat. After a sluggish start to the year and a sharp correction in April, ETH surged back with bullish momentum-trading at $3,715 at the end of July, just slightly below its annual high of $3,765 reached a few days earlier.

While still below its record high of $4,878 reached in 2021, the latest rally has brought renewed optimism to the market. The year started with ETH hovering around $3,248, then plummeting to $1,796 in April-a drop that was in line with Bitcoin’s weakness in the same month.

However, sentiment turned sharply positive in the second and third quarters. Institutional inflows, especially through spot Ethereum ETFs and the revival of DeFi activity, regained confidence and pushed prices up consistently.

Ethereum’s market capitalization now stands at $448 billion. Technical indicators are showing signals of strength.

Analysts highlighted a bullish pattern on the weekly chart and strong RSI (relative strength index) values, signaling continued buying pressure. On-chain data also supports this, with transaction volumes increasing and smart contract activity picking up.

The rest of 2025 is likely to be heavily influenced by key regulatory developments-especially how the SEC treats staking in ETFs.

6 Largest Ethereum Holders in the World (2025)

Here are the largest Ethereum holders in the world.

Beacon Deposit Contract – The Heart of Ethereum

The top-ranked largest ETH holder is not an individual or a company, but a smart contract: Ethereum Beacon Deposit Contract. This is where users lock up their ETH to become validators and keep the proof-of-stake network secure.

This contract holds approximately 46 million ETH, worth approximately $156.5 billion, or nearly 38% of the total circulating supply. These coins are not idle, but actively staked to power the Ethereum consensus engine.

This makes the Beacon Contract not only the largest ETH holder, but also one of the most crucial elements for Ethereum’s security and decentralization.

Coinbase – The Custodial Giant

coinbase presents wrapped — Source: Bankrate

As the largest public crypto exchange in the United States, Coinbase is already a big name in the world of digital assets. Coinbase holds about 6.9 million ETH, worth about $23.5 billion, spread across various wallets.

These holdings include a combination of customer funds, institutional custodial accounts, to Coinbase’s proprietary cbETH derivative staking program. With strong connections to Wall Street and growing interest from governments, Coinbase has positioned itself as Ethereum’s main gateway into mainstream finance.

Binance – The Largest Ethereum Exchange Counterparty

Globally, no crypto exchange handles more trading volume than Binance.

With operations spread across multiple continents, Binance holds at least 4.5 million ETH worth over $15.3 billion, spread across multiple wallets for trading, staking, and cross-chain bridging purposes.

This ownership is central to the connection between the Ethereum ecosystem and BNB, and makes Binance one of the most important contributors to Ethereum’s day-to-day liquidity and infrastructure.

Wrapped ETH (WETH) Contract – DeFi Natural Guarantee

As one of the main pillars of DeFi, the WETH smart contract holds more than 3.2 million ETH, worth approximately $10.9 billion. This contract wraps native ETH into ERC-20 format, so it can be used seamlessly on DEX, lending protocols, and Layer-2.

Instead of just being a passive asset, the WETH contract functions like Ethereum’s central bank for DeFi, with locked ETH serving as collateral for billions of dollars of on-chain loans and exchanges.

Gemini – Institutional Custodian with Large ETH Deposits

Founded by the Winklevoss twins, Gemini operates as a highly regulated crypto exchange and custodian. One of its largest ETH wallets holds about 369,000 ETH, worth about $1.26 billion.

Gemini’s focus on security and regulatory compliance makes it a top choice for institutions, with ETH holdings reflecting the high demand from large clients.

ETHDEV (Ethereum Foundation) – Building the Future

The development arm of the Ethereum Foundation, ETHDEV, holds about 309,000 ETH (about $1.05 billion) which is used to fund network upgrades, research & development, and grants.

This reserve fund is a key asset to support Ethereum’s technical roadmap, while affirming a long-term commitment to decentralized innovation.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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