As of March 24, 2026, Bitmine reported staking 3,142,643 ETH at an average price of $2,148 per coin, totaling roughly $6.8 billion in locked assets. The last week alone saw an addition of 101,776 ETH, representing about $219 million in new staked capital. Company leadership stated plans to deploy nearly all remaining unstaked holdings through MAVAN in the near term.
MAVAN: Institutional-Grade Staking Infrastructure
Founded as an immersion-cooled mining and infrastructure firm, Bitmine evolved into managing a substantial Ethereum treasury. MAVAN (Made in America Validator Network) was originally built for internal use but now opens up institutional staking to third parties. The platform is designed to meet U.S. validation requirements while offering a distributed architecture for international institutional clients.
MAVAN specifically targets institutions, custodians, and industry partners seeking high-throughput staking, emphasizing security and operational resilience. Public communications describe support for both Ethereum and additional cryptocurrencies. Bitmine plans to broaden its offerings to other proof-of-stake networks and web3 infrastructure services.
2026 Roadmap: On-Chain Vaults and Post-Quantum Clients
Bitmine’s strategic roadmap includes new services such as on-chain vaults and post-quantum blockchain clients. Based on a reported 2.83% seven-day yield, annualized staking rewards could reach nearly $300 million once MAVAN is fully scaled.
Backers and Vision
Bitmine, a U.S. publicly traded company, counts among its supporters Cathie Wood (ARK), Founders Fund, Pantera, Kraken, DCG, Galaxy Digital, Bill Miller III, and MOZAYYX. Chairman Tom Lee characterized the MAVAN launch as a major step toward global leadership in staking and on-chain infrastructure, noting that Bitmine’s ETH reserves now exceed any other single entity. His objective is to hold 5% of total ETH in circulation. Lee described MAVAN as the cornerstone of that target and highlighted plans to extend services beyond Ethereum through continued innovation.