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Tom Lee’s Bitmine debuts MAVAN staking, stock advances

MAVAN, now the largest single-entity Ethereum staking service, went live with more than 3.1 million ETH already staked, worth roughly $6.8 billion at current prices.

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Add us on Google by Vivian Nguyen Mar. 25, 2026

Bitmine Immersion Technologies (BMNR), led by Fundstrat Global Advisors’ co-founder Thomas “Tom” Lee, is rolling out its MAVAN staking solution after months of infrastructure preparation, the company announced Wednesday.

MAVAN, short for Made-in-America Validator Network, is a proprietary staking platform built to dominate institutional Ethereum staking and expand into broader blockchain infrastructure services. It was first teased in late 2025 earnings reports for a Q1 2026 debut.

“MAVAN represents a critical step in our vision to build one of the leading staking and on-chain infrastructure platforms globally,” Lee said in a statement. “We plan to expand across additional proof-of-stake networks and critical blockchain infrastructure over time, and through 2026, we’ll grow our efforts in areas such as on-chain vaults, post-quantum client development, and more.”

Backed by major investors, Bitmine aims to grow MAVAN into a leading crypto infrastructure network focused on long-term Ethereum accumulation.

Bitmine said its Ethereum position includes more than 3.1 million staked ETH worth about $6.8 billion, and it is steadily building toward a target of 5 percent of the ETH supply, with its total stash reaching roughly 4.6 million ETH valued at $9.7 billion.

Bitmine shares gained 3% in Wednesday’s premarket trading, per Yahoo Finance.

Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.