Bitmine has officially launched MAVAN, its Ethereum staking platform for institutional clients. Short for Made in America Validator Network, the service is described by the company as a U.S.-based validator network built around security, speed, and resilience. The rollout was announced in an official statement and repeated in a post on X.
According to Bitmine, MAVAN was originally built for the firm’s own treasury operations and is now being opened to institutions, custodians, and ecosystem partners. The company said the platform is designed for clients that want domestic infrastructure in the United States, while keeping a flexible global setup for institutions operating in other regions. Bitmine also said it is now open for business and intends to become the largest Ethereum staking platform run by a single entity.
More than 3.14 million ETH already staked
Bitmine said that as of March 24, total staked ETH on the platform reached 3,142,643 ETH. Using a Coinbase reference price of $2,148 per ETH, that amounts to roughly $6.8 billion. The company added that another 101,776 ETH, valued at about $219 million, was staked over the past week.
A separate company figure cited in the source said Bitmine’s total ETH holdings had reached 4.661 million tokens. Based on a 2.83% seven-day BMNR yield, Bitmine said annualized rewards could approach $300 million once its full balance is deployed through MAVAN. That scale shifts the announcement beyond a standard product launch and into the broader conversation around staking infrastructure.
Expansion plans extend beyond Ethereum
Bitmine said MAVAN is expected to expand into other proof-of-stake networks and related blockchain infrastructure through 2026. The message from the company is straightforward: it wants to turn its existing staking scale, validator operations, and institutional service model into a broader infrastructure business.
The source also noted that ETH was trading near $2,151.39, with a market capitalization of about $259.67 billion. Over the past 24 hours, price action remained in a consolidation range, suggesting traders treated the launch as a longer-term structural development rather than an immediate price catalyst.
Tom Lee’s market view appears in the backdrop
The report also referenced Bitmine Chairman Tom Lee, who has remained publicly supportive of digital assets during periods of macroeconomic and geopolitical pressure. It said Lee projected in January 2026 that ETH could reach $5,000 and BTC could hit $250,000. In this update, though, the central point is not the forecast. It is Bitmine’s move to bring large-scale, professionally managed staking infrastructure to the institutional market.