- Bitmine expects to boost its annual ETH staking yields to $272 million from $184 million if it scales to MAVAN upon its first-quarter launch.
- The company now controls approximately 3.86% of Ethereum’s circulating supply.
Bitmine gears up to boost its Ethereum (ETH) yields. On Wednesday, the company chaired by Tom Lee, also the Co-Founder and Head of Research at Fundstrat, announced the launch of MAVAN (Made in America VAlidator Network) before the first quarter ends.
MAVAN Launch in Q1 2026
MAVAN is Bitmine’s proprietary ETH staking platform. The company touts it as a “best in class” solution.
The platform caters to institutions, exchanges, and custodians. Additionally, the company tailored the solution to comply with US regulatory requirements, aligning with its strict standards on security, performance, resilience, and investor protection.
“MAVAN represents a critical step in our vision to build one of the leading staking and on-chain infrastructure platforms globally,” said Lee. “Because Bitmine is the largest owner of Ethereum in the world, shortly after launch, MAVAN will be the largest Ethereum staking platform in the world.”
After its first-quarter rollout, Lee revealed MAVAN’s gradual expansion of its proof-of-stake networks and blockchain infrastructure from 2026 onward. The focus of the near-term upgrades will be on on-chain vaults and post-quantum client development.
Bitmine’s ETH Holdings and Staking Yields
On Monday, Bitmine disclosed that it has increased its portfolio to 4,660,903 ETH, valued at $9.84 billion to $10.25 billion over the last 24 hours as of Thursday morning. The figures add to its 196 Bitcoin (BTC) holdings, $200 stake in Beast Industries, $95 million stake in Eightco Holdings (ORBS), and $1.1 billion in cash reserves.
To date, the business controls roughly 3.86% of Ethereum’s circulating supply of 120.69 million. Meanwhile, it has allocated 3,142,643 ETH for staking across Bitmine’s partners as it waits for MAVAN’s launch. The supply, comprising 67% of the company’s ETH holdings, generates $184 million in annual staking yields.
Bitmine expects to scale up its ETH staking yields by more than 47% to $272 million when MAVAN activates. The numbers could be amplified if ETH’s value appreciates in the future or as the institution stakes more of the token into the platform.
Lee highlighted that the overall crypto market has remained resilient despite ongoing US-Iran tensions. After the initial shock the event caused to Bitcoin and altcoin prices, crypto assets eventually bounced back, stronger than major stock indices and even traditional investments or store-of-value assets like gold. He emphasized that Ethereum alone rose by 18% and outperformed equities by 2,450% from the beginning of the Iran war to the start of the current work week.
Interestingly, Lee is optimistic that the Clarity Act could pass and be signed into law by the end of April, citing Polymarket’s 68% odds as a reference for his bullish projection. He considers it a “positive fundamental catalyst for Ethereum” that could potentially overturn the present crypto winter.
