BitMine Launches Institutional Ethereum Staking Platform MAVAN
BitMine has launched the Made in America Validator Network (MAVAN), an institutional Ethereum staking platform. The company manages 4.6 million ETH worth $8.94 billion.
BitMine Opens Institutional-Grade Ethereum Staking via MAVAN
BitMine has officially launched the Made in America Validator Network (MAVAN), an institutional staking platform built for Ethereum. Originally developed for the company's internal operations, MAVAN is now being opened to large-scale investors, custodians, and exchanges.
"MAVAN is live ‼️We are open for business and will be the world's largest single entity staking operation. PS: you can stake your ethereum and other crypto with us." — Bitmine (NYSE-BMNR) $ETH (@BitMNR), original post
Why This Matters
BitMine positions itself as the largest single holder of Ethereum. The firm manages a total of 4.6 million ETH valued at $8.94 billion — representing nearly 4% of the leading altcoin's total supply. The launch of MAVAN gives institutional players a dedicated gateway to ETH staking, potentially reshaping the landscape of staked assets on the Ethereum network.
BitMine Chairman Tom Lee stated that BitMine is the largest Ethereum holder and that MAVAN will soon become the world's largest cryptocurrency staking platform.
Staking Volumes and Yield
As of March 24, BitMine had locked up over 3.1 million ETH worth $6.8 billion. In the past week alone, the company transferred approximately 101,776 ETH valued at $219 million to MAVAN. All remaining unstaked coins are expected to be moved to the platform in the near future.
"2/As of March 22, 2026, Bitmine total staked ETH stands at 3,142,643 ($6.5 billion at $2,072 per ETH). Total staked $ETH by week: — 3/22/26: 3,142,643 ETH — 3/15/26: 3,040,515 ETH — 3/8/26: 3,040,483 ETH — 3/1/26: 3,040,483 ETH — 2/23/26: 3,040,483 ETH" — Bitmine (NYSE-BMNR) $ETH (@BitMNR), original post
According to the Composite Ethereum Staking Rate benchmark by Quatrefoil, the annual yield from Ethereum staking currently stands at 2.75%.
Expansion Plans Beyond Ethereum
Tom Lee also indicated that BitMine intends to expand into additional proof-of-stake networks and mission-critical blockchain infrastructure. The company's 2026 roadmap includes on-chain vaults, post-quantum security solutions, and other initiatives.
BMNR Stock Performance
BitMine shares (ticker: BMNR) gained 3% over the past 24 hours to reach $21.4. However, the stock has declined roughly 60% over the past six months.
Earlier in March 2026, BlackRock launched an Ethereum ETF with staking functionality — a sign of growing institutional appetite for yield-bearing Ethereum products.
Frequently Asked Questions
What is BitMine's MAVAN platform?
MAVAN (Made in America Validator Network) is an institutional Ethereum staking platform launched by BitMine. Initially built for internal use, it is now open to large investors, custodians, and exchanges.
How much ETH does BitMine have staked?
As of March 24, 2026, BitMine has staked over 3.1 million ETH worth $6.8 billion. The company manages a total of 4.6 million ETH valued at $8.94 billion, representing nearly 4% of total ETH supply.
What is the Ethereum staking yield on MAVAN?
According to the Composite Ethereum Staking Rate benchmark by Quatrefoil, the annual Ethereum staking yield is 2.75%. This reflects the current rate at the time of MAVAN's launch.
What are BitMine's expansion plans for 2026?
BitMine plans to expand into additional proof-of-stake networks and build critical blockchain infrastructure. The 2026 roadmap includes on-chain vaults, post-quantum security solutions, and other initiatives.
How is BMNR stock performing?
BMNR shares rose 3% in the last 24 hours to $21.4. However, the stock has dropped approximately 60% over the past six months.
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