Biggest ETH Holders Revealed

The only largest Ethereum “holder” just isn’t an individual or an organization. It’s the community itself. The ETH2 Beacon Deposit Contract holds over 80.8 million $ETH, roughly two-thirds of whole provide, locked as much as safe proof-of-stake consensus. Behind it, a mixture of centralized exchanges, asset managers, and Layer 2 bridges spherical out the highest of the record. Utilizing Arkham Intelligence’s stay entity tracker, pulled February 12, 2026, mixed with their January analysis report for added context, right here is strictly who owns what and what it tells us about Ethereum’s present state.

All USD values mirror $ETH worth at time of information pull. On-chain holdings shift always.

How A lot $ETH Is Locked in Staking?

The full $ETH provide sits at roughly 120.7 million. Of that, the Beacon Deposit Contract at the moment holds 80,857,848 $ETH, price roughly $160.4 billion at round $1,983 per $ETH. That represents about 67% of all $ETH in existence.

Each $ETH staked is one much less $ETH circulating on exchanges, which has direct implications for liquidity and worth stress. Staking dominance has been steadily climbing, up from the 63.2% Arkham reported in mid-January.

Which Exchanges Maintain the Most $ETH?

Centralized exchanges dominate the non-staking rankings. These figures embrace buyer deposits and staking companies, so the $ETH just isn’t all exchange-owned, however the platforms management the keys.

• Binance: 3,669,772 $ETH (~3.04% of provide), $7.28 billion
• Coinbase: 2,939,208 $ETH (~2.43%), $5.83 billion
• Upbit: 1,642,747 $ETH (~1.36%), $3.26 billion
• Robinhood: 1,568,882 $ETH (~1.30%), $3.11 billion
• OKX: 1,125,582 $ETH (~0.93%), $2.23 billion
• Kraken: 995,384 $ETH (~0.82%), $1.97 billion
• Bitfinex: 825,480 $ETH (~0.68%), $1.64 billion
• Gemini: 537,876 $ETH (~0.45%), $1.07 billion
• Bybit: 342,756 $ETH (~0.28%), $679.9 million
• Bithumb: 286,021 $ETH (~0.24%), $567.4 million
• Bitstamp: 250,947 $ETH (~0.21%), $497.8 million
• Crypto.com: 243,134 $ETH (~0.20%), $482.3 million
• Deribit: 229,669 $ETH (~0.19%), $455.6 million
• Revolut: 213,102 $ETH (~0.18%), $422.7 million
• Bitget: 208,664 $ETH (~0.17%), $413.9 million
• DBS Financial institution: 192,241 $ETH (~0.16%), $381.4 million
• HashKey Trade: 176,263 $ETH (~0.15%), $349.7 million
• Gate: 156,542 $ETH (~0.13%), $310.5 million
• KuCoin: 104,805 $ETH (~0.09%), $207.9 million
• Bitbank: 99,907 $ETH (~0.08%), $198.2 million

Between them, these twenty exchanges and platforms maintain over 15.6 million $ETH, roughly 12.9% of the overall provide. Three names stand out past the same old crypto exchanges: Robinhood, the inventory buying and selling app turned crypto heavyweight at 1.57 million $ETH; DBS Financial institution, Singapore’s largest financial institution; and Revolut, the UK-based fintech. All three sign that conventional finance’s involvement in $ETH goes properly past simply ETFs.

The place Does Institutional Cash Match In?

BlackRock ranks third total with 3,175,267 $ETH (~2.63% of provide), valued at $6.3 billion. These holdings again the iShares Ethereum Belief ETF (ETHA) and stay one of many clearest alerts that conventional finance is deeply embedded within the Ethereum ecosystem. Latest weeks have seen web outflows from $ETH ETFs, together with ETHA, amid broader market volatility.

• BlackRock: 3,175,267 $ETH (~2.63%), $6.3 billion (iShares Ethereum Belief ETF)
• Bitmine (BitMNR/Fundstrat): 1,037,634 $ETH (~0.86%), $2.06 billion. Led by Tom Lee, the corporate has publicly focused 5% of whole provide.
• Grayscale: 464,753 $ETH (~0.39%), $921.9 million
• Constancy Custody: 178,733 $ETH (~0.15%), $354.6 million
• Bitwise: 161,582 $ETH (~0.13%), $320.5 million
• Objective Investments: 107,884 $ETH (~0.09%), $214.0 million

Arkham’s stay tracker reveals 1,037,634 $ETH below the Bitmine entity label, properly beneath the two.85 million attributed in January. The hole just isn’t a sell-off. Firm disclosures and on-chain knowledge verify whole holdings round 4.3 million $ETH as of early February, with roughly 3 million now staked. Arkham’s entity tracker reclassifies staked $ETH below validator and Beacon-related labels fairly than the unique company entity, which accounts for the discrepancy.

The Ethereum Basis itself holds 172,374 $ETH (~$341.9 million), a comparatively modest treasury for the group behind the community.

What About Layer 2 Bridges and Sensible Contracts?

Layer 2 scaling options and sensible contracts lock up important $ETH exterior of trade and institutional palms.

• Wrapped Ether (WETH) contract: 2,098,480 $ETH (~1.74%), $4.16 billion
• Arbitrum Bridge: 894,366 $ETH (~0.74%), $1.77 billion
• Base Bridge (Coinbase L2): 801,862 $ETH (~0.66%), $1.59 billion
• Polkadot: 306,277 $ETH (~0.25%), $607.6 million
• Optimism: 245,976 $ETH (~0.20%), $488.0 million
• Polygon: 113,469 $ETH (~0.09%), $228.0 million

Mixed, these protocol-level holders account for over 4.4 million $ETH, reflecting how a lot worth now flows by Ethereum’s scaling and interoperability infrastructure.

How A lot $ETH Do Early Holders Nonetheless Personal?

Particular person holdings sit properly beneath institutional ranges however carry historic weight.

• Rain Lohmus (pre-sale investor): 250,000 $ETH (~$495.9 million). Inaccessible as a result of misplaced personal keys, making this a everlasting removing from the circulating provide.
• Vitalik Buterin (co-founder): 224,105 $ETH (~$444.6 million). Actively used for donations and ecosystem help.

Mixed, Ethereum’s most distinguished particular person holders management much less $ETH than a single mid-tier trade.

What About Seized and Stolen Funds?

Not each massive holder earned their stack. Arkham’s entity monitoring surfaces a number of wallets tied to legal exercise and defunct platforms.

• QuadrigaCX: 236,349 $ETH (~$468.9 million). The collapsed Canadian trade’s funds stay on-chain.
• Twister.Money: 225,688 $ETH (~$447.7 million). The sanctioned mixing protocol nonetheless holds important $ETH regardless of regulatory motion.
• Gatecoin Hacker: 156,229 $ETH (~$309.9 million). Stolen funds sitting in recognized wallets.
• Multisig Exploit Hacker: 102,246 $ETH (~$202.8 million).

These wallets maintain over 720,000 $ETH that at the moment sit unmoved, however none of it’s completely locked. Whoever controls the keys may transfer these funds at any time, and authorized proceedings may ultimately redistribute a few of them.

What Does This Imply for the Market?

The focus of $ETH in staking, exchanges, and institutional treasuries signifies a maturing community but additionally raises questions on centralization. When a handful of exchanges and one asset supervisor management billions in $ETH, their selections on staking, withdrawals, and liquidations carry outsized market affect.

With staking participation nonetheless climbing, Layer 2 bridges absorbing extra $ETH, and a whole bunch of 1000’s of tokens tied up in hacked or defunct wallets, circulating provide continues to tighten from a number of instructions. For merchants and holders, monitoring these flows by on-chain instruments is definitely worth the effort.

For the total breakdown, go toArkham Intelligence.

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Sources:

• Arkham Intelligence Analysis Report Entity-grouped evaluation of prime $ETH holders, primarily based on on-chain knowledge and AI predictions, dated January 13, 2026
• Arkham Intel Explorer – Ethereum Stay entity-level $ETH holder rankings with real-time on-chain monitoring
• Etherscan Beacon Deposit Contract Actual-time knowledge on ETH2 staking deposits and whole provide metrics