• MAVAN launched: Institutional Ethereum staking platform by Bitmine
• 3,142,643 ETH staked: Valued at $6.8 billion
• Largest network goal: Chairman Tom Lee targets global leadership
• Treasury migration: Nearly all ETH to be staked on MAVAN
• Institutional focus: Designed for investors, custodians, and exchanges
Bitmine Immersion Technologies announced the launch of MAVAN, an institutional-grade Ethereum staking platform designed to generate yield on its $6.8 billion in staked ETH.
The platform, formally named Made in America VAlidator Network, was initially developed to support Bitmine’s internal staking operations. The company now plans to extend MAVAN to institutional investors, custodians, and exchanges seeking U.S.-based infrastructure for domestic validation, alongside a globally distributed architecture for international clients.
Largest Ethereum Staking Network Target
Bitmine Chairman Tom Lee stated that MAVAN represents a key step in the company’s strategy to build one of the leading staking and onchain 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,” Lee said.
Staked ETH Holdings and Recent Activity: As of March 24, Bitmine held 3,142,643 staked ETH, valued at approximately $2,148 per ETH. The company reported staking an additional 101,776 ETH, worth $219 million, to MAVAN in the past week. It also plans to stake nearly all of its remaining unstaked ETH on the platform in the coming weeks. Bitmine indicated plans to expand MAVAN beyond Ethereum into additional proof-of-stake networks and broader blockchain infrastructure. Through 2026, the company aims to grow its efforts in areas including onchain vaults and post-quantum client development. Bitmine (BMNR) recently purchased 65,341 ETH on March 23, expanding its Ethereum holdings.
