What companies hold the most Ethereum?

When considering which companies hold the most Ethereum, several key players emerge. Digital asset holding companies and blockchain startups, such as Consensys and Digital Asset Holdings, are likely to possess significant amounts due to their deep involvement in the Ethereum ecosystem. Additionally, large exchanges and custodians may also hold substantial Ethereum balances on behalf of their clients. However, the exact amounts held by individual companies are not always publicly disclosed, making it difficult to determine the absolute top holders.