BitMine Stakes 3.1M Ethereum: Why MAVAN Could Reshape ETH Staking

BitMine launches MAVAN, now the world’s largest Ethereum staking platform with 3.1M ETH staked. Here’s what it means for ETH staking.

Bitmine Immersion Technologies has officially launched MAVAN, its institutional-grade Ethereum staking platform. 

The company, trading on NYSE American under the ticker BMNR, announced on March 25, 2026. According to a press release, MAVAN stands for Made in America Validator Network. 

Bitmine says it is now the largest single-entity Ethereum staking operation in the world.

Bitmine’s Ethereum Holdings Cross $6.8 Billion

According to the release, as of 5:00 PM ET on March 24, 2026, Bitmine had staked 3,142,643 ETH. 

At $2,148 per ETH, that figure represents roughly $6.8 billion in staked assets. The company staked 101,776 ETH, worth about $219 million, in just the past week alone.

Bitmine says it plans to keep adding scale over the coming weeks. 

The goal is to stake nearly all of its remaining unstaked ETH through MAVAN. 

Once fully deployed, the company estimates annualized staking rewards of close to $300 million, based on a 2.83% seven-day yield.

The platform combines U.S.-based infrastructure for institutions that require domestic validation. It also supports a globally distributed architecture for clients outside the United States. 

Bitmine originally built MAVAN to manage its own Ethereum treasury before deciding to open it to outside clients.

Related Reading: Bitmine Expands Ethereum Treasury to Nearly $10B in ETH

MAVAN Targets Institutional Investors and Custodians

MAVAN is designed specifically for institutional use. 

The platform targets institutional investors, custodians, and ecosystem partners looking for high-performance staking infrastructure. Bitmine describes security, performance, and resilience as the core pillars of the service.

On social media, Bitmine shared the news directly. 

The company posted on X, saying MAVAN is live and open for business, adding that users can stake Ethereum and other crypto through the platform.

Beyond Ethereum, Bitmine says MAVAN will expand to other proof-of-stake chains and blockchain infrastructure services. 

The company also outlined plans to grow into areas such as on-chain vaults and post-quantum client development through 2026.

High-Profile Backers Support Bitmine’s ETH Strategy

Bitmine has drawn support from a notable group of institutional investors. 

Backers include ARK’s Cathie Wood, Founders Fund, Pantera, Kraken, DCG, Galaxy Digital, and Bill Miller III, among others. MOZAYYX is also listed as a supporter.

Tom Lee, Chairman of Bitmine, commented on the launch in the press release. 

He described MAVAN as a critical step toward building a leading staking and on-chain infrastructure platform globally. 

Lee also noted that because Bitmine holds more Ethereum than any other single entity, MAVAN will quickly become the largest Ethereum staking platform in the world.

Bitmine has set a broader target of acquiring 5% of all ETH in circulation. The launch of MAVAN marks a concrete move toward that goal.

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