# Bitmine Launches Institutional ETH Staking Platform

*Author: David Christopher*
*Published: Mar 25, 2026*
*Source: https://www.bankless.com/read/news/bitmine-launches-institutional-eth-staking-platform*

---

[Bitmine has launched MAVAN](https://www.theblock.co/post/395080/tom-lees-bitmine-debuts-mavan-ethereum-staking-platform-plans-to-shift-its-eth-activity), an institutional Ethereum staking platform built on its existing validator infrastructure that targets custodians, exchanges, and institutional investors seeking U.S.-based validator infrastructure.

### **What's the Scoop?**
- **Scale:** Bitmine holds 4.66 million ETH total, representing 3.86% of total supply. Of that, 3.14 million ETH is already staked, valued at about $6.8 billion at current prices.
- **Migration Plans:** The company staked 101,776 ETH worth about $219 million to MAVAN in the past week and plans to migrate nearly all remaining unstaked ETH to the platform in the coming weeks.
- **Projected Yield:** Once fully migrated, Bitmine projects annual staking rewards of nearly $300 million, based on a 2.83% seven-day yield.
- **Expansion Plans:** Chairman Tom Lee said the company plans to extend MAVAN across additional proof-of-stake networks and expand into onchain vaults and post-quantum client development through 2026.

### Bankless Take
Custodians and exchanges, Bitmine's stated targets, mostly use Coinbase or run their own validators already. Fund-style investors looking for yield-bearing [ETH exposure have BlackRock's ETHB](https://www.bankless.com/read/wall-street-puts-ethereums-magic-on-full-display-with-ethb), which wraps staking rewards in a regulated product they can hold within existing mandates. MAVAN has to compete with both. To carve out a real market, MAVAN probably needs to offer rates that beat ETHB and give clients a path into low-risk DeFi yield on top of base staking rewards. That's a difficult product to build.

[Wall Street Meets ETH, Again on BanklessBlackRock’s iShares Staked Ethereum Trust ETF (ETHB) puts Ethereum’s ‘internet bond’ innovation on Wall Street’s radar.![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/icon/apple-touch-icon-734.png)BanklessDavid Christopher Mar 12, 2026 • 5 min read![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/thumbnail/wall-street-puts-ethereum-s-magic-on-full-display-with-ethb-1773350871.png)](https://www.bankless.com/read/wall-street-puts-ethereums-magic-on-full-display-with-ethb)