other material
confidence high
sentiment positive
materiality 0.55
Bitmine launches MAVAN Ethereum staking platform; claims largest ETH staker with $6.8B staked
BITMINE IMMERSION TECHNOLOGIES, INC.
- MAVAN (Made in America VAlidator Network) is an institutional-grade Ethereum staking platform, launched March 25, 2026.
- Bitmine holds 3,142,643 staked ETH (≈$6.8B at $2,148/ETH) and is the largest known ETH staker globally.
- Fully staked via MAVAN, annual staking rewards projected at nearly $300M using 2.83% 7-day yield.
- In the past week, staked 101,776 ETH ($219M) to MAVAN; goal to stake nearly all remaining unstaked ETH.
- Backed by institutional investors including ARK (Cathie Wood), Founders Fund, Pantera, Galaxy Digital, and Tom Lee.