Key Highlights
- Bitmine launched MAVAN, an institutional Ethereum staking platform, which currently holds 3,142,643 ETH, valued at about $6.8 billion.
- The company said MAVAN could generate around $300 million annually in staking rewards.
- Bitmine’s stock (BMNR) is trading for $20.99, with a market cap of about $9.5 billion.
Bitmine Immersion Technologies, Inc., a U.S.-based Bitcoin and Ethereum company, said today that it has launched a new platform called MAVAN (Made in America Validator Network).
According to the official announcement, the platform is an Ethereum staking service designed specifically for institutional investors, offering secure and high-performance staking.
The platform uses U.S.-based servers for clients that require local infrastructure. It was initially developed to manage Bitmine’s own Ethereum treasury but will now expand to serve institutional investors, custodians, and ecosystem partners.
Providing high-performance staking for institutions
According to the company, MAVAN is designed to comply with requirements while delivering speed and uptime. The company also said it expects the platform to generate almost $300 million per year in staking rewards, based on a recent seven-day yield of 2.83%.
The platform is designed not only to generate income but also to make Ethereum safer by helping run its network.
According to Tom Lee, Chairman of Bitmine, “MAVAN represents a critical step in our vision to build one of the leading staking and on-chain infrastructure platforms globally. Because Bitmine is the largest owner of Ethereum in the world, shortly after launch, MAVAN will be the largest Ethereum staking platform in the world.”
He added that Bitmine plans to expand MAVAN to include other proof-of-stake networks and develop extra tools like on-chain vaults and post-quantum clients through 2026.
The company said the platform is now open to outside institutional clients. Custodians, exchanges, and partners can stake Ethereum directly or use it as a white-label service. Bitmine also filed an 8-K with the SEC on March 25, 2026, confirming the launch under Regulation FD Disclosure.
MAVAN holds 3,142,643 ETH
The launch comes shortly after Bitmine increased its Ethereum holdings to over 4,660,000 tokens. The company announced at launch that MAVAN holds 3,142,643 ETH, valued at approximately $6.8 billion based on a $2,148 per coin price.
Bitmine also said it added 101,776 ETH, worth around $219 million, to the platform last week. The company plans to migrate nearly all remaining unstaked ETH to MAVAN in the coming weeks. In its entire portfolio, Bitmine’s total crypto holdings include 4,660,903 ETH, 196 BTC, a $200 million stake in Beast Industries, and a $95 million stake in Eightco.
Together, these assets are worth around $11 billion, including over $1 billion in cash. MAVAN is part of a bigger plan called “the alchemy of 5%,” which aims to hold about 5% of all Ethereum in existence.
Meanwhile, Bitmine’s stock (BMNR) is trading at $20.99, up 0.70% on the day but down 0.50% over the past week. The price is trading sideways, ranging between $21.45 and $20.45.
Its market cap sits at $9.53 billion and a dividend yield of 4.8%, according to data from Robinhood.
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