Bitmine Launches Self-Developed Ethereum Staking Platform MAVAN, 3.14 Million ETH Staked with Annualized Returns Near $300 Million

Deep Tide TechFlow reports, on March 25, according to PR Newswire, Bitmine Immersion Technologies (NYSE: BMNR) officially announced the launch of MAVAN (Made In America VAlidator Network), an institutional-grade Ethereum staking platform independently developed by the company. As of March 24, 2026, Bitmine has staked 3.1426 million ETH, equivalent to approximately $6.8 billion at current prices, making it the largest Ethereum holder globally. Once MAVAN is fully operational, annualized staking returns are expected to approach $300 million (based on a 7-day yield rate of 2.83%). The company stated that MAVAN will be open to institutional investors, custodians, and ecosystem partners, with plans to gradually expand to other proof-of-stake chains and blockchain infrastructure services. Within 2026, the company also aims to advance on-chain treasury, post-quantum client development, and other initiatives. Bitmine's investor lineup includes institutions such as ARK's Cathie Wood, Founders Fund, Pantera, and Galaxy Digital. The company's long-term goal is to hold 5% of the global ETH supply.