As of September 2025, approximately 61% of all Ether (ETH) is held by just 10 addresses, primarily linked to staking contracts, exchanges, and major institutions rather than individual investors. The Beacon Deposit Contract, which supports Ethereum's proof-of-stake mechanism, holds about 68 million ETH, about 56% of the total circulating supply of 120.71 million ETH. Major exchanges like Coinbase and Binance also hold significant amounts, while institutions like BlackRock and Fidelity now treat ETH as a treasury asset. Corporate ownership is growing, with companies like Bitmine Immersion Technologies and SharpLink Gaming holding substantial ETH amounts. While early adopters like Vitalik Buterin remain prominent, most of the largest holders are now institutional or related to smart contracts, illustrating a shift in Ether's ownership dynamics and its role as a key asset in financial markets.

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