Arkham Intelligence has just released a detailed report on the largest Ethereum (ETH) wallets in 2026, showing that Staking contracts, exchanges, and financial institutions currently control the majority of ETH on the market.
This report uses on-chain data from the Arkham Intel Platform and analyzes stakeholders ranging from centralized exchanges to retail investors who purchased ETH during the Pre-Sale phase.
Staking and exchanges hold the majority of ETH.
The ETH2 Beacon deposit contract currently tops the list with over 82 million ETH, equivalent to approximately $169 billion.
This amount of ETH represents approximately 66% of the total ETH supply , which has been locked by validators to protect the Ethereum network.
Among exchanges, Coinbase holds the lead with 4.2 million ETH ($8.6 billion), followed by Binance with 3.6 million ETH ($7.3 billion).
South Korean exchange Upbit ranks third with 1.7 million ETH. These ETH are Vai by the exchange as a custodian for users to trade, withdraw, or Staking.
On the institutional side, BlackRock currently holds over 3 million ETH ($6 billion) through its iShares Ethereum Trust ETF .
Bitmine, the reserve management company, announced it owns a total of 4.7 million ETH ; however, Arkham has only verified 914,000 ETH on the chain so far.
Bitmine aims to own 5% of the total ETH supply on the market.
Retail investors and lost money.
Among individuals, Estonian retail investor Rain Lohmus technically holds the most ETH with 250,000 Token, worth approximately $530 million.
However, he lost access to his private key after purchasing this ETH for only $75,000 during the 2014 Pre-Sale .
Meanwhile, Ethereum co-founder Vitalik Buterin is the individual holder with the most usable ETH , holding 224,000 ETH ($480 million).
Ethereum Foundation shifts from selling to Staking.
In addition, Arkham reported that the Ethereum Foundation just Staking an additional $46.64 million worth of ETH – the largest single-day deployment by the organization to date.
Currently, the total value of ETH Staking by the Foundation has reached approximately $96.59 million.
This move is part of a larger plan announced in February 2024 to Staking 70,000 ETH from their fund . The proceeds from the Staking will be used to fund research, ecosystem development, and protocol building projects.
Previously, the Foundation had to sell ETH periodically, causing concern within the community about selling pressure on the market.
With numerous organizations, exchanges, and even the Ethereum Foundation locking ETH for Staking, the market supply is increasingly skewed toward long-term investors rather than short-term liquidation transactions.
