The post BitMine Stakes 3.1M Ethereum: Why MAVAN Could Reshape ETH Staking appeared on BitcoinEthereumNews.com.

BitMine launches MAVAN, now the world’s largest Ethereum staking platform with 3.1M ETH staked. Here’s what it means for ETH staking. Bitmine Immersion Technologies has officially launched MAVAN, its institutional-grade Ethereum staking platform.  The company, trading on NYSE American under the ticker BMNR, announced on March 25, 2026. According to a press release, MAVAN stands for Made in America Validator Network.  Bitmine says it is now the largest single-entity Ethereum staking operation in the world. Bitmine’s Ethereum Holdings Cross $6.8 Billion According to the release, as of 5:00 PM ET on March 24, 2026, Bitmine had staked 3,142,643 ETH.  At $2,148 per ETH, that figure represents roughly $6.8 billion in staked assets. The company staked 101,776 ETH, worth about $219 million, in just the past week alone. Bitmine says it plans to keep adding scale over the coming weeks.  The goal is to stake nearly all of its remaining unstaked ETH through MAVAN.  Once fully deployed, the company estimates annualized staking rewards of close to $300 million, based on a 2.83% seven-day yield. The platform combines U.S.-based infrastructure for institutions that require domestic validation. It also supports a globally distributed architecture for clients outside the United States.  Bitmine originally built MAVAN to manage its own Ethereum treasury before deciding to open it to outside clients. Related Reading: Bitmine Expands Ethereum Treasury to Nearly $10B in ETH MAVAN Targets Institutional Investors and Custodians MAVAN is designed specifically for institutional use.  The platform targets institutional investors, custodians, and ecosystem partners looking for high-performance staking infrastructure. Bitmine describes security, performance, and resilience as the core pillars of the service. On social media, Bitmine shared the news directly.  The company posted on X, saying MAVAN is live and open for business, adding that users can stake Ethereum and other crypto through the platform. Beyond…

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Filed under: News - @ March 26, 2026 2:26 am