BitMine is the largest holder of ETH in the world, with over 100,000 tokens staked.
Former Bitcoin miner chaired by Tom Lee announced the launch of the Made in America VAlidator Network (MAVAN) platform, which will serve as an exclusive institutional-grade ETH staking resource.
The statement follows the company’s latest Ethereum purchase, which brought its total holdings to well over 4,660,000 tokens.
MAVAN makes its debut
The press release shared by the company earlier today states that the new product is designed to serve as “the premier Ethereum staking destination for institutions, with a focus on security, performance, and resiliency.” It combines US-based infrastructure for institutions requiring national validation with a “flexible, globally distributed architecture to support customers around the world.”
MAVAN was initially developed to support the company’s own ETH treasury, but will now expand to serve institutional investors, custodians, and ecosystem partners looking for such staking infrastructure.
“MAVAN represents a crucial milestone in our vision to build one of the world’s leading on-chain staking and infrastructure platforms. Given that Bitmine is the largest owner of Ethereum in the world, shortly after launch, MAVAN will be the largest Ethereum staking platform in the world.
We plan to expand over time into additional proof-of-stake networks and critical blockchain infrastructure, and through 2026 we will ramp up our efforts in areas such as on-chain vaults, post-quantum client development, and more,” commented Lee.
BitMine continues to buy
Earlier this week, BitMine also updated its wallet changes, which included a new purchase of ETH. With this, the company’s reserve increased to 4,660,903 ETH. Additionally, the company owns 196 BTC, a $200 million stake in Beast Industries, and a $95 million stake in Eightco.
Although it continues to be deep in the red on its Ethereum position, given the asset’s price calamity over the past few months, BitMine’s total holdings are worth approximately $11 billion, including just over $1 billion in cash.
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BitMine provided its latest fund update for March 23, 2026:$11.0 billion in total crypto + moonshots:
– 4,660,903 ETH at $2,072 per ETH (@coinbase)
– 196 Bitcoins (BTC)
– $200 million stake in Beast Industries @MrBeast
– $95 million stake in…– Bitmine (NYSE-BMNR) $ETH (@BitMNR) March 23, 2026
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