Bitmine’s MAVAN Now Holds $6.8B in ETH-Could Pay $300M in Rewards!

by

Bitmine’s MAVAN Debuts With 3.14M <a href="https://jpyeur.com/eth-usd/">ETH</a> in Staking

Key Highlights

  • Bitmine launched MAVAN, an institutional Ethereum staking platform, which currently holds 3,142,643 ETH, valued at about $6.8 billion.
  • The company said MAVAN could generate around $300 million annually in staking rewards.
  • Bitmine’s stock (BMNR) is trading for $20.99, with a market cap of about $9.5 billion.

Bitmine Immersion Technologies, a U.S. company focused on Bitcoin and Ethereum, announced the launch of its new platform, MAVAN (Made in America Validator Network), today.

The platform provides a secure and efficient way for institutions to stake their Ethereum. It’s a staking service built specifically for larger investors.

This platform hosts its servers in the U.S. for customers who need local data storage. Originally built to handle Bitmine’s Ethereum holdings, it’s now being opened up to institutional investors, custodians, and other partners in the Ethereum ecosystem.

Providing high-performance staking for institutions

MAVAN is built to meet industry standards while offering fast performance and reliable service, according to the company. They project the platform will produce around $300 million annually in staking rewards, based on its recent 2.83% seven-day yield.

This platform lets you earn money while also contributing to the security of the Ethereum network by helping it operate.

Tom Lee, Chairman of Bitmine, explains that MAVAN is a key part of their plan to create a top-tier platform for staking and on-chain activities worldwide. Given that Bitmine holds the most Ethereum globally, MAVAN is expected to quickly become the largest Ethereum staking platform available after its launch.

Bitmine intends to grow MAVAN to support more proof-of-stake networks and create additional features, such as on-chain vaults and clients resistant to quantum computing attacks, by 2026.

Bitmine announced that its platform is now available to institutional clients. This allows custodians, exchanges, and partners to stake Ethereum either directly through the platform or by offering it as a branded service to their own customers. The company officially reported the launch to the Securities and Exchange Commission (SEC) on March 25, 2026, as required by Regulation FD.

MAVAN holds 3,142,643 ETH

As a researcher following Bitmine, I’ve observed their recent moves closely. Just after significantly increasing their Ethereum holdings – now exceeding 4.66 million tokens – they launched MAVAN. At launch, they revealed MAVAN currently holds 3,142,643 ETH, which, at a price of $2,148 per token, equates to roughly $6.8 billion.

Last week, Bitmine increased the amount of Ethereum (ETH) on its platform by 101,776, valued at approximately $219 million. Over the next few weeks, the company intends to move almost all of its remaining ETH that isn’t currently being used to generate rewards to MAVAN. Currently, Bitmine’s total cryptocurrency holdings include 4,660,903 ETH, 196 Bitcoin (BTC), a $200 million investment in Beast Industries, and a $95 million investment in Eightco.

BitMine recently shared its asset update as of March 23, 2026. They currently hold a total of $11 billion in cryptocurrency and other investments, including: 4,660,903 Ethereum (ETH) purchased at $2,072 each (through Coinbase), 196 Bitcoin (BTC), a $200 million investment in Beast Industries (associated with MrBeast), and a $95 million investment in…

— Bitmine (NYSE-BMNR) $ETH (@BitMNR) March 23, 2026

These holdings are valued at approximately $11 billion, with over $1 billion in cash. MAVAN is a component of a larger strategy, dubbed “the alchemy of 5%,” with the goal of controlling around 5% of all Ethereum currently available.

Bitmine’s stock (BMNR) is currently trading at $20.99. It’s up slightly today, gaining 0.70%, but has decreased by 0.50% over the last week. The stock price has been stable, fluctuating between $20.45 and $21.45.

My research shows this company currently has a market capitalization of $9.53 billion. Interestingly, it also offers a dividend yield of 4.8% based on data from Robinhood.

Read More

2026-03-25 22:29