Bitmine Immersion Technologies has unveiled MAVAN, a new institutional-level Ethereum staking platform. The announcement came on March 25, 2026, positioning Bitmine as a dominant figure in the ETH staking sector. The company, traded on NYSE American with the symbol BMNR, now claims the largest single-entity Ethereum staking operation worldwide following the launch.
The Scale Of Bitmine’s Ethereum Staking
As of March 24, 2026, Bitmine reported staking a total of 3,142,643 ETH, with an average price of $2,148 per coin. This equates to roughly $6.8 billion in assets locked on the platform. The last week alone saw Bitmine adding 101,776 ETH, representing about $219 million in new staked assets. Company leadership has stated plans to continue expanding its ETH stake, aiming to deploy nearly all remaining unstaked holdings through MAVAN in the near term.
Bitmine was founded as an immersion-cooled mining and infrastructure firm before expanding to manage a significant Ethereum treasury. The proprietary MAVAN (Made in America Validator Network) system was initially developed for in-house use, but now opens up institutional-grade staking for third parties. Bitmine designed the platform to align with U.S. validation requirements while also offering a distributed structure for international institutional clients.
Focus On Institutional Investors And Platform Features
MAVAN specifically targets institutions, custodians, and industry partners seeking a reliable, high-throughput staking solution. Bitmine emphasizes security, performance, and operational resilience as distinguishing features. In public communications, the platform’s launch was described as making possible staking of both Ethereum and additional cryptocurrencies.
Expansion plans are already in motion, as Bitmine intends to broaden its offerings for other proof-of-stake blockchain networks and additional web3 infrastructure services. The strategic roadmap for 2026 includes new services such as on-chain vaults and the development of post-quantum blockchain clients. Bitmine estimates that, once MAVAN is fully scaled, annualized staking rewards could reach nearly $300 million, based on a reported seven-day yield rate of 2.83%.
Backers And Company Vision
Bitmine, based in the United States and publicly traded, has become recognized for managing one of the industry’s largest Ethereum holdings. Supporters include institutional investors such as ARK’s Cathie Wood, Founders Fund, Pantera, Kraken, DCG, Galaxy Digital, Bill Miller III, and MOZAYYX.
Chairman Tom Lee characterized the MAVAN launch as a major move toward establishing global leadership in staking and on-chain infrastructure, noting that Bitmine’s ETH reserves now exceed that of any other single actor. According to Lee, the company’s objective is to reach five percent of total ETH in circulation in its holdings. He described MAVAN as the cornerstone of achieving that target and highlighted Bitmine’s intention to extend services beyond Ethereum through continued innovation.
MAVAN is live and open for business, aiming to be the world’s largest single-entity staking operation. Users are now able to stake Ethereum and other cryptocurrencies through the platform.
