Biggest ETH Holders Revealed

The single largest Ethereum "holder" is not a person or a company. It is the network itself. The ETH2 Beacon Deposit Contract holds over 80.8 million ETH, roughly two-thirds of total supply, locked up to secure proof-of-stake consensus. Behind it, a mix of centralized exchanges, asset managers, and Layer 2 bridges round out the top of the list. Using Arkham Intelligence's live entity tracker, pulled February 12, 2026, combined with their January research report for added context, here is exactly who owns what and what it tells us about Ethereum's current state.

All USD values reflect ETH price at time of data pull. On-chain holdings shift constantly.

How Much ETH Is Locked in Staking?

The total ETH supply sits at approximately 120.7 million. Of that, the Beacon Deposit Contract currently holds 80,857,848 ETH, worth roughly $160.4 billion at around $1,983 per ETH. That represents about 67% of all ETH in existence.

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

Which Exchanges Hold the Most ETH?

Centralized exchanges dominate the non-staking rankings. These figures include customer deposits and staking services, so the ETH is not all exchange-owned, but the platforms control the keys.

• Binance: 3,669,772 ETH (~3.04% of supply), $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 Bank: 192,241 ETH (~0.16%), $381.4 million
• HashKey Exchange: 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 hold over 15.6 million ETH, roughly 12.9% of the total supply. Three names stand out beyond the usual crypto exchanges: Robinhood, the stock trading app turned crypto heavyweight at 1.57 million ETH; DBS Bank, Singapore's largest bank; and Revolut, the UK-based fintech. All three signal that traditional finance's involvement in ETH goes well beyond just ETFs.

Where Does Institutional Money Fit In?

BlackRock ranks third overall with 3,175,267 ETH (~2.63% of supply), valued at $6.3 billion. Those holdings back the iShares Ethereum Trust ETF (ETHA) and remain one of the clearest signals that traditional finance is deeply embedded in the Ethereum ecosystem. Recent weeks have seen net outflows from ETH ETFs, including ETHA, amid broader market volatility.

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

Arkham's live tracker shows 1,037,634 ETH under the Bitmine entity label, well below the 2.85 million attributed in January. The gap is not a sell-off. Company disclosures and on-chain data confirm total holdings around 4.3 million ETH as of early February, with roughly 3 million now staked. Arkham's entity tracker reclassifies staked ETH under validator and Beacon-related labels rather than the original corporate entity, which accounts for the discrepancy.

The Ethereum Foundation itself holds 172,374 ETH (~$341.9 million), a relatively modest treasury for the organization behind the network.

What About Layer 2 Bridges and Smart Contracts?

Layer 2 scaling solutions and smart contracts lock up significant ETH outside of exchange and institutional hands.

• 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

Combined, these protocol-level holders account for over 4.4 million ETH, reflecting how much value now flows through Ethereum's scaling and interoperability infrastructure.

How Much ETH Do Early Holders Still Own?

Individual holdings sit well below institutional levels but carry historical weight.

• Rain Lohmus (pre-sale investor): 250,000 ETH (~$495.9 million). Inaccessible due to lost private keys, making this a permanent removal from the circulating supply.
• Vitalik Buterin (co-founder): 224,105 ETH (~$444.6 million). Actively used for donations and ecosystem support.

Combined, Ethereum's most prominent individual holders control less ETH than a single mid-tier exchange.

What About Seized and Stolen Funds?

Not every large holder earned their stack. Arkham's entity tracking surfaces several wallets tied to criminal activity and defunct platforms.

• QuadrigaCX: 236,349 ETH (~$468.9 million). The collapsed Canadian exchange's funds remain on-chain.
• Tornado.Cash: 225,688 ETH (~$447.7 million). The sanctioned mixing protocol still holds significant ETH despite regulatory action.
• Gatecoin Hacker: 156,229 ETH (~$309.9 million). Stolen funds sitting in identified wallets.
• Multisig Exploit Hacker: 102,246 ETH (~$202.8 million).

These wallets hold over 720,000 ETH that currently sit unmoved, but none of it is permanently locked. Whoever controls the keys could move these funds at any time, and legal proceedings could eventually redistribute some of them.

What Does This Mean for the Market?

The concentration of ETH in staking, exchanges, and institutional treasuries indicates a maturing network but also raises questions about centralization. When a handful of exchanges and one asset manager control billions in ETH, their decisions on staking, withdrawals, and liquidations carry outsized market impact.

With staking participation still climbing, Layer 2 bridges absorbing more ETH, and hundreds of thousands of tokens tied up in hacked or defunct wallets, circulating supply continues to tighten from multiple directions. For traders and holders, tracking these flows through on-chain tools is worth the effort.

For the full breakdown, visit Arkham Intelligence.

Sources:

• Arkham Intelligence Research Report Entity-grouped analysis of top ETH holders, based on on-chain data and AI predictions, dated January 13, 2026
• Arkham Intel Explorer - Ethereum Live entity-level ETH holder rankings with real-time on-chain tracking
• Etherscan Beacon Deposit Contract Real-time data on ETH2 staking deposits and total supply metrics