Ethereum’s Strategic Reserves Near 1% of Total Supply – Whales Tighten Their Grip

Ethereum's big players are flexing their muscles as strategic reserves approach a critical threshold. Nearly 1% of ETH's total supply now sits in these coffers—raising eyebrows and questions about decentralization.

The whale watch is on

Top holders aren't just accumulating—they're building fortresses. This concentration of power makes traditional banks look like models of distributed ownership (and that's saying something).

What's in the vault?

While the exact motives remain unclear, one thing's certain: when ETH whales move, the market ripples. Retail investors might want to grab a life jacket.

Welcome to decentralized finance—where the players change but the game stays suspiciously familiar.

This figure represents 0.9674% of Ethereum’s total circulating supply, which is around 120.8 million ETH. While the percentage may appear modest, the scale of accumulation illustrates the growing institutional confidence in Ethereum as a long-term digital asset.

Meanwhile, 37 participants have been identified as strategic ETH holders.

The Ethereum Foundation, which holds 259,430 ETH, is at the top of the list. SharpLink Gaming, a NASDAQ-listed company (SBET), comes in second with 176,271 ETH.

It is followed by PulseChain Sac, which has 166,303 ETH; Coinbase, the largest US-based exchange, has 137,334 ETH in reserves.

The Golem Foundation, known for its decentralized computing ecosystem, rounds up the top five with 101,079 ETH in its reserves.

The top five holders control over 840,000 ETH in total. That means more than 72% of all strategically held Ethereum is concentrated among just a handful of organizations.

This level of consolidation signals both firm conviction in Ethereum’s long-term value and its rising importance in institutional portfolios.