Bitmine Launches Ethereum Staking Initiative MAVAN in 2026

TLDR

• Bitmine holds over 4 million ETH, 3.37% of total supply.
• MAVAN staking network aims for launch in early 2026.
• Bitmine’s total holdings valued at $13.2 billion, including Bitcoin.

Bitmine Immersion Technologies, Inc. (NYSE AMERICAN: BMNR) has announced a major move into Ethereum staking with its new initiative known as the Made in America Validator Network (MAVAN). This development is part of the company’s strategy to leverage its significant holdings, with 4,066,062 ETH, representing 3.37% of the total supply.

The company plans to launch MAVAN in early 2026, aiming to provide a secure staking infrastructure. The staking network underscores Bitmine’s commitment to expanding its role in the crypto ecosystem. This follows a recent increase in the company’s Ethereum holdings, having added 98,852 ETH in a week.

Significant Ethereum Accumulation and Plans

Bitmine’s aggressive accumulation strategy has seen it purchase 29,462 ETH from Kraken and BitGo, contributing to its current holding of over four million ETH. The company also holds 193 Bitcoin, valued at $13.2 billion combined with other assets, including a $32 million stake in Eightco Holdings.

Lee, an unnamed executive at Bitmine Immersion Technologies, emphasized the intention behind these acquisitions. The company aims to achieve what it terms the ‘alchemy of 5%,’ by accumulating six million ETH, potentially creating a supply shock in the market.

MAVAN Staking Network Details

The MAVAN staking network is envisioned as a best-in-class solution, intended to offer a secure infrastructure for staking Ethereum. This initiative demonstrates Bitmine’s strategy to bring Wall Street operations into the blockchain domain through tokenization. By early 2026, the company expects MAVAN to be fully operational.

Bitmine remains focused on contributing to the decentralized finance community. The company has been interacting actively with key entities driving development in this space, potentially positioning MAVAN as a critical component in redefining Ethereum staking.

Financial Strength and Future Projections

Bitmine’s financial strength reflects in its FY25 GAAP earnings per share, reported at $13.39. With total holdings amounting to $13.2 billion, including $1.0 billion in cash, Bitmine’s strategy revolves around its robust treasury and crypto positions, without external grants or institutional dependencies.

Besides Ethereum, Bitmine holds 193 Bitcoin, positioning it as the world’s largest Ethereum treasury holder and second in global crypto treasuries. The company has shown significant growth, with ETH holdings rising from 3.4 million in early November to the current 4 million plus.

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