Bitmine Launches MAVAN Ethereum Staking Platform with 3.1M ETH

Bitmine Immersion Technologies launched its MAVAN Ethereum staking platform on March 25, 2026, marking a shift toward active yield generation from its substantial Ether holdings. The Made in America Validator Network, built in-house, initially manages staking for the company's treasury but is now open to institutional clients, including custodians and exchanges, using U.S.-based infrastructure to ensure compliance and resilience.

The platform debuted with 3,142,643 ETH staked, valued at approximately $6.8 billion at current prices. Bitmine, which holds a total of 4,660,903 ETH representing about 3.86 percent of the circulating supply, staked an additional 101,776 ETH in the week leading up to the launch. At a yield of 2.83 percent, the company projects annual staking rewards nearing $300 million once most of its remaining unstaked ETH is deployed. Chairman Tom Lee described MAVAN as "a critical step in our vision to build one of the leading staking and on-chain infrastructure platforms globally," with plans to expand to other proof-of-stake networks and services like on-chain vaults.

Bitmine has aggressively built its ETH position in recent months. On-chain data from analytics...