Bitmine launches MAVAN staking platform after staking over 3.1M ETH worth $6.8B, aiming to build one of the largest institutional Ethereum networks.
Bitmine announced the launch of MAVAN, a new Ethereum staking platform built for institutions. The network will give secure and high-performance blockchain services, the company said. As of March 24, 2026, already more than 3.1 million ETH have been staked on Bitmine. This amount is worth approximately $6.8 Billion at today’s prices.
New MAVAN Platform Built for Institutional Ethereum Staking
The company explained that MAVAN was developed for its own Ethereum treasury first. However, the platform will now expand to deal with large investors and parties. Institutions, custodians and funds can leverage the system to stake services. Due to this expansion, MAVAN can be one of the largest staking platforms.
MAVAN is live ‼️
We are open for business and will be the world’s largest single entity staking operation.
PS: you can stake your ethereum and other crypto with us. $BMNR
@fundstrat
https://t.co/SKTGJmeQTw— Bitmine (NYSE-BMNR) $ETH (@BitMNR) March 25, 2026
Staking refers to locking up cryptocurrency in order to help run the blockchain network. In return, users are rewarded over time. Staking rewards can be up to around $300 million a year, Bitmine said. This estimate is based off of a yield of approximately 2.83%. Therefore, the company considers staking to be a significant source of income.
Related Reading: Tom Lee–Linked BitMine Faces $6B Ether Paper Loss as Liquidations Intensify – Ledger Tribune
MAVAN is designed with great security and stable performance. The platform is using infrastructure located in the United States for institutions that need domestic validation. At the same time, it also uses global servers to provide worldwide service to clients. Because of this design, there is the ability for the system to work for many different users.
Chairman of Bitmine, Tom Lee, said the launch is an important step. He explained that the company wants to build one of the world’s largest staking networks. According to him, Bitmine is already the owner of more than any other entity of Ethereum. As a result, MAVAN could quickly become the biggest staking platform.
The company intends to branch out beyond Ethereum in the future, too. Other proof of stake networks may be added in the future. In addition, Bitmine wants to develop more tools and services on the blockchain. These may include on-chain vaults as well as new security systems.
More Than 3.1 Million ETH Already Locked in Staking
Bitmine was able to verify that 3,142,643 ETH were staked as of March 24, 2026. The value of this amount is estimated at $6.8 billion at market prices. This makes Bitmine one of the largest participants within the Ethereum network. Because of staking’s job of supporting the blockchain, this is a very important role.
The company also minted over 101,000 ETH in the last week. This new staking was worth some $219 million at the time. Bitmine said that it plans to continue adding more coins in the coming weeks. The idea is to stake pretty much every last ETH in existence.
When all the coins are in full stake, there could be even greater rewards. The company believes this will bolster its long-term strategy. Instead of holding ETH without use, staking enables the treasury to generate an income. Therefore, the plan is a combination of investment and network support.
Large crypto companies are now concentrating on staking services. Institutions want safe ways to receive rewards for digital assets. Due to this demand, infrastructure platforms are growing rapidly. MAVAN has been conceived to respond to these needs using professional tools.
Staking Growth Shows Rising Institutional Interest
Bitmine’s strategy is a good example of how institutions are coming to Ethereum. In the past, the bulk of the staking was done by small users. Now giant companies are securing their billions of dollars worth of crypto. This change results in a stronger network but a more competitive one.
The company feels like it has the advantage because of its size. With the millions of ETH, Bitmine has the ability to serve many validators. This helps the network to remain secure and stable. At the same time making it for the company to gain huge rewards.
The platform will continue to grow through 2026, Tom Lee said. New technology and improved infrastructure is planned. The company also wants to enhance security for any future networks. These upgrades may be used to attract more institutional clients.
As staking gains popularity, companies such as MAVAN could be the future of the Blockchain. Investors prefer a system that follows well-defined rules and work reliably. Because of this, it is expected that professional staking services will grow. Bitmine’s debut indicates that big businesses are getting ready for that future.