BitMine Launches Institutional Ethereum Staking Platform

BitMine unveils MAVAN for institutional Ethereum staking.

BitMine has unveiled the institutional platform Made in America Validator Network (MAVAN), designed for staking the second-largest cryptocurrency by market capitalization.

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. $BMNR
⁦@fundstrat⁩
https://t.co/SKTGJmeQTw

— Bitmine (NYSE-BMNR) $ETH (@BitMNR) March 25, 2026

Initially, the platform was created solely for the firm’s operations. However, the company now plans to offer services to large investors, custodians, and exchanges.

“BitMine is the largest holder of Ethereum, and shortly after the launch, MAVAN will become the largest cryptocurrency staking platform in the world,” said the firm’s chairman, Tom Lee.

As of March 24, the structure has locked over 3.1 million ETH worth $6.8 billion. In the past week, BitMine transferred about 101,776 ETH valued at $219 million to MAVAN.

The firm plans to send all remaining unstaked coins there soon. According to the Composite Ethereum Staking Rate benchmark by Quatrefoil, the annual yield from locking Ethereum will be 2.75%.

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
-… pic.twitter.com/clwIp2pAVY

— Bitmine (NYSE-BMNR) $ETH (@BitMNR) March 23, 2026

The company manages a total of 4.6 million ETH worth $8.94 billion, accounting for nearly 4% of the leading altcoin’s issuance.

Lee added that BitMine will expand into other PoS networks and critical blockchain infrastructure. In 2026, the company will engage in on-chain storage, post-quantum solutions, and other initiatives.

In the past 24 hours, BMNR shares rose by 3% to $21.4. However, over the past six months, the stock has fallen by nearly 60%.

Earlier in March, BlackRock launched an Ethereum-ETF with staking capabilities.