2025 Ethereum Holdings Overview: Beacon Chain contracts hold 66.8 million ETH leading the way, with exchanges and institutions as the main forces | ETH Outlook Analysis
In 2025, the Ethereum holdings landscape presents a whole new look: the ETH2 beacon chain deposit contract has become the largest single holder with 66.8 million ETH (worth approximately 28.7 billion USD), accounting for more than half of the total circulating supply. Exchanges, serving as the ecological liquidity layer, make up 55% of the top 20 holding addresses, with Coinbase holding 18 billion USD and another mainstream CEX holding nearly 12 billion USD. In terms of institutional participants, BlackRock holds 3.2 million ETH through its spot Ethereum ETF, while corporate treasury strategy representative BitMine publicly claims to accumulate 5% of the entire network's ETH supply. Among individual holders, 250,000 ETH permanently locked due to lost private keys has become the largest individual holding, making Ethereum co-founder Vitalik Buterin's 240,000 ETH the largest active individual holding.