Bitmine Launches MAVAN, Aims to Become Leading Ethereum Staking Platform
Bitmine Immersion Technologies (NYSE AMERICAN: BMNR) has officially launched MAVAN (Made in America VAlidator Network), a proprietary institutional-grade Ethereum staking platform. The company aims to become the largest Ethereum staking service provider globally, offering services for other proof-of-stake chains and blockchain infrastructure as announced on March 25, 2026.
Significant Ethereum Holdings and Staking Capacity
Bitmine currently has 3,142,643 ETH staked, representing approximately $6.8 billion based on a price of $2,148 per ETH according to the company. In the past week, Bitmine staked an additional 101,776 ETH ($219 million) through MAVAN, with plans to stake nearly all of its remaining unstaked ETH in the coming weeks as reported by The Defiant. Bitmine’s total ETH holdings exceed 4.6 million ETH .
Institutional Backing and Growth Strategy
MAVAN is designed to serve institutional investors, custodians, and ecosystem partners, combining U.S.-based infrastructure with a globally distributed architecture. Bitmine’s strategy includes expanding to support other proof-of-stake networks and developing on-chain infrastructure, including on-chain vaults and post-quantum client development . The company projects annual staking rewards of nearly $300 million, based on a 2.83% yield .
Investor Confidence and Support
Bitmine is supported by a group of institutional investors, including ARK Invest’s Cathie Wood, Founders Fund, Pantera, Galaxy Digital, Digital Currency Group (DCG), Kraken, Bill Miller III, MOZAYYX, and investor Thomas “Tom” Lee . These investors are aligned with Bitmine’s goal of acquiring 5% of all ETH in circulation . Currently, Bitmine’s holdings represent 3.86% of the total ETH supply .
Recent Investment Activity
Cathie Wood’s ARK Invest has been actively purchasing shares of Bitmine Immersion Technologies in November 2025, despite the broader cryptocurrency market downturn , adding shares to the ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and ARK Fintech Innovation ETF (ARKF) .
Eightco Partnership
Bitmine led a $125 million commitment to Eightco, alongside Cathie Wood’s Ark Invest and Payward, to support the expansion of next-generation technology .