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BitMine announces the launch of the institutional Ethereum staking platform MAVAN

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March 26 — Leading Ethereum crypto treasury BitMine announced the launch of MAVAN, its institutional Ethereum staking platform, which will run validator infrastructure for both its own holdings and external clients. The platform was initially built to support BitMine’s existing Ethereum treasury and is now open to institutional clients and custodians, with plans to onboard additional ETH assets in the coming weeks. It combines U.S.-based infrastructure with a globally distributed setup and is expected to expand to additional proof-of-stake (PoS) networks and blockchain services. BitMine noted it staked 101,776 ETH over the past week, and intends to further increase the amount allocated to MAVAN while working to stake most of its remaining Ethereum. The company estimates that at current yield levels, staking rewards could reach nearly $3 billion annually.
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