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Bitmine Launches MAVAN Ethereum Staking Platform Backed by 3.1426 Million ETH

Bitmine Launches MAVAN Ethereum Staking Platform Backed by 3.1426 Million ETH

According to BitMine’s official announcement, MAVAN was launched after the company staked 101,776 ETH and is now being opened to institutional clients and custodians from its initial internal treasury use.

ETH

Fact Check
The claim is supported by an official press release from Bitmine Immersion Technologies (BMNR) and corroborated by multiple financial news outlets. The specific figure of 3.1426 million ETH is consistently cited across sources as the amount staked upon the launch of the MAVAN platform in late March 2026.
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Summary

BitMine said in an official announcement that it launched its institutional Ethereum staking platform MAVAN after staking 101,776 ETH. The company stated the platform was initially built for its own Ethereum treasury and is now available to institutional clients and custodians. BitMine added that, based on current yields, annual staking rewards could approach $300 million.

Terms & Concepts
  • Ethereum: A blockchain network that supports smart contracts and decentralized applications, with ETH as its native asset.
  • Staking: Locking cryptocurrency in a proof-of-stake network to help validate transactions and earn rewards.