Holdings methodology

ETH held by exchanges, spot ETFs and strategic reserves — the least precise section here.

1 of 3 entries carry independent evidence · Current values: /llms-full.txt

Strategic reserves (ETH)

api

Source: strategicethreserve.xyz
Endpoint or contract: https://www.strategicethreserve.xyz/
Derivation: Latest point of the aggregate reserve series embedded in the page.

Evidence

2026-08-28: the live aggregate was 8,581,432 ETH while the sum of six curated corporate rows was 7,418,143 — the headline disagreed with the chart directly above it by 15.7%.

Caveats

Covers roughly 52 tracked entities including DAOs and a sovereign fund. It is NOT a count of listed companies, and the six rows shown are top holdings that are not expected to sum to it.
A per-company scrape of the same page does not reconcile with its own aggregate (7,754,833 vs 8,581,432), so the aggregate is used and the per-company scrape is not trusted.

Exchange reserves (ETH)

on-chain

Source: Binance proof-of-reserves and DefiLlama address lists, summed via Multicall3
Endpoint or contract: —
Derivation: Where an exchange publishes a usable wallet set, the on-chain sum IS the headline. Where it does not, a curated total is used and the labelled wallets are shown separately as a floor.

Evidence

Not independently verified

Caveats

Coinbase and Kraken publish no usable set — Kraken publishes a reserve RATIO, not a total — so both are curated estimates. Coinbase's labelled floor covers a small fraction of its curated total and corroborates very little.
The persisted history refuses to record a day on which any complete wallet set returned zero, so the series can lag the headline rather than show a fabricated dip.

Free float (ETH)

derived

Source: residual
Endpoint or contract: —
Derivation: Supply minus staked, minus strategic reserves, minus ETFs, minus exchange reserves.

Evidence

Not independently verified

Caveats

The cohorts are NOT disjoint: ETF holdings sit in exchange custody and reserve ETH may itself be staked, so some ETH is subtracted twice and free float is understated. It is an approximation, marked as one, and quantifying the overlap would need custody attribution no public source provides.