Bitmine has announced the launch of MAVAN, its own Ethereum staking platform. Initially built for internal use, it is now being opened to external clients, including funds, custodians, and partners.
As of March 24, Bitmine has staked 3.142643 M ETH — approximately $6.8 B at a price of $2,148 per coin. The company claims it outpaces all other players in the market in terms of staking.
Over the past week, Bitmine added another 101,776 ETH to MAVAN, equivalent to $219 M. In the coming weeks, the company plans to stake nearly all of its remaining unstaked ETH.
At full utilization, the platform’s annual staking rewards could approach $300 M, based on a 2.83% yield over the past seven days.
Bitmine chairman Tom Lee stated that the company sees the platform as a foundation for on-chain infrastructure. Plans for 2026 include expansion into other PoS networks, development of on-chain storage solutions, and work on post-quantum clients.
Bitmine has also set a goal to accumulate as much as 5% of the total Ethereum supply.
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