Bitmine launches MAVAN
Bitmine unveiled MAVAN, claiming 3,142,643 staked ETH — roughly $6.8 billion at ~$2,148 per ETH — positioning MAVAN as the world’s largest institutional staking provider (stocktitan.net). The firm says it aims to control ~5% of ETH supply as a treasury reserve and expects annual staking rewards near $300 million, signaling aggressive institutionalization of ETH staking (prnewswire.com).
Bitmine filed a Form 8‑K on March 25, 2026 under Item 7.01 (Regulation FD) to disclose the MAVAN launch. (financialreports.eu) The company says MAVAN was built to manage Bitmine’s own Ethereum treasury and will now be offered as an institutional staking service for custodians, exchanges and ecosystem partners. (prnewswire.com) Bitmine disclosed it added 101,776 ETH to MAVAN during the prior week and said it intends to continue staking its remaining unstaked ETH in the coming weeks. (prnewswire.com) Two days before the MAVAN announcement Bitmine reported total ETH holdings of 4.661 million tokens and said its combined crypto and cash holdings totaled about $11.0 billion. (prnewswire.com) The PR lists institutional supporters including ARK’s Cathie Wood, Founders Fund, Pantera, Kraken, DCG and Galaxy Digital, and quotes Chairman Thomas “Tom” Lee calling MAVAN “a critical step” in the company’s strategy. (prnewswire.com) Bitmine said MAVAN will expand into additional proof‑of‑stake networks and pursue on‑chain vaults and post‑quantum client development through 2026, and provided an institutional contact for partnerships. (prnewswire.com)
