BitMine Announces Launch of Institutional Ethereum Staking Platform MAVAN

BlockBeats News, March 26: BitMine, the largest Ethereum crypto treasury, has announced the launch of its institutional-grade Ethereum staking platform, MAVAN, which will operate validator infrastructure for both its own holdings and external clients. Initially developed to support BitMine's existing Ethereum treasury, the platform is now open to institutional clients and custodians, with plans to accommodate more ETH assets in the coming weeks. The new staking platform will integrate U.S.-based infrastructure with globally distributed configurations and is expected to expand to more proof-of-stake networks and blockchain services. BitMine stated that 101,776 ETH were staked over the past week and plans to continue increasing the allocation to MAVAN while staking the majority of its remaining Ethereum. The company estimates that, based on current yields, staking rewards could approach $300 million annually.