Bitmine Launches MAVAN With $6.8B in Staked Ethereum

• Bitmine launches MAVAN platform with over 3.1M ETH staked, targeting institutional Ethereum staking services.
• Platform combines U.S.-based and global infrastructure, focusing on security, performance, and scalability.
• Staking rewards may reach $300M yearly as Bitmine expands into more proof-of-stake networks and services.

Bitmine Immersion Technologies has launched MAVAN, a new Ethereum staking platform aimed at institutional users, the company said this week. The rollout follows internal development to support its crypto holdings. As of March 24, 2026, Bitmine reported over 3.1 million ETH staked, valued at about $6.8 billion.

Platform Built For Institutional Staking

MAVAN, short for Made In America VAlidator Network, is designed to provide staking services across Ethereum and other proof-of-stake networks. According to Bitmine, the platform combines U.S.-based infrastructure with a distributed global system.

The company stated that MAVAN initially supported its internal Ethereum treasury. It now plans to extend access to institutional investors, custodians, and partners. Additionally, the platform focuses on security, operational performance, and network resilience.

Tom Lee, chairman of Bitmine, said the platform forms part of a broader infrastructure strategy. He added that MAVAN will expand into other blockchain services over time.

Staking Scale And Growth Plans

Bitmine reported that it currently holds 3,142,643 staked ETH. The company said this represents the largest Ethereum staking position globally. At a reference price of $2,148 per ETH, the total value stands near $6.8 billion.

Notably, Bitmine staked 101,776 ETH during the past week alone. This amount equals roughly $219 million. The company stated that it plans to continue increasing staking activity in the coming weeks.

Once fully deployed, nearly all of Bitmine’s ETH holdings will operate through MAVAN. The company expects this transition to happen gradually as infrastructure scales.

Revenue Outlook And Expansion Strategy

Bitmine estimated that staking rewards could reach nearly $300 million annually. This figure is based on a 2.83% seven-day yield metric tied to its staking operations.

Meanwhile, the company outlined plans to expand into additional proof-of-stake chains. It also mentioned future work on blockchain infrastructure, including on-chain vaults and post-quantum client development.