Who Owns the Most Ethereum in 2025? Inside the Ethereum Rich List

Key takeaways: 

• Around 70% of all ETH is held by just 10 addresses, but most belong to staking contracts, exchanges or funds, not individual whales.

• Nearly half of all ETH sits in a single smart contract: the Beacon Deposit Contract that powers Ethereum’s proof-of-stake system.

• Big institutions like BlackRock, Fidelity and listed companies now hold millions of ETH, turning Ether into a serious treasury asset.

• ETH ownership has moved on from early adopters. Today, it’s all about the platforms and services building on top of it.

As of August 2025,…