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\n\t\t\t\t\t\t\t\t\tBitMine is the world\u2019s largest ETH holder, with over 100,000 staked tokens. \t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
The Tom Lee-Chaired former bitcoin miner announced the launch of the Made in America VAlidator Network (MAVAN) platform, which will serve as a proprietary institutional-grade ETH staking resource.<\/p>\n
The statement follows the most recent Ethereum purchase made by the company, which increased its total holdings to well over 4,660,000 tokens.<\/p>\n
The press release shared<\/a> by the company earlier today reads that the new product is designed to serve as the \u201cpremier Ethereum staking destination for institutions, with a focus on security, performance, and resilience.\u201d It combines US-based infrastructure for institutions requiring domestic validation with a \u201cflexible, globally distributed architecture to support clients worldwide.\u201d<\/p>\n MAVAN was initially developed to support the company\u2019s own ETH treasury, but it will now expand to serve institutional investors, custodians, and ecosystem partners seeking such staking infrastructure.<\/p>\n \u201cMAVAN represents a critical step in our vision to build one of the leading staking and on-chain infrastructure platforms globally. 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.<\/p>\n We plan to expand across additional proof-of-stake networks and critical blockchain infrastructure over time, and through 2026, we\u2019ll grow our efforts in areas such as on-chain vaults, post-quantum client development, and more,\u201d commented Lee.<\/p>\n<\/blockquote>\n Earlier this week, BitMine also updated about its portfolio changes, which included a new purchase of ETH. With it, the company\u2019s stash has grown to 4,660,903 ETH. In addition, the firm owns 196 BTC, a $200 million stake in Beast Industries, and a $95 million stake in Eightco.<\/p>\n Although it continues to be deep in the red on its Ethereum position, given the asset\u2019s price calamity over the past several months, BitMine\u2019s total holdings are worth approximately $11 billion, which includes just over $1 billion in cash.<\/p>\n \ud83e\uddf5 $11.0 billion in total crypto + \u201cmoonshots\u201d: \u2014 Bitmine (NYSE-BMNR) $ETH (@BitMNR) March 23, 2026<\/a><\/p>\n<\/blockquote>\n \u00a0<\/p>\n LIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\n <\/p><\/div>\n\n
BitMine Keeps Buying<\/h2>\n
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BitMine provided its latest holdings update for March 23, 2026:<\/p>\n
\u2013 4,660,903 ETH at $2,072 per ETH (@coinbase<\/a>)
\u2013 196 Bitcoin (BTC)
\u2013 $200 million stake in Beast Industries @MrBeast<\/a>
\u2013 $95 million stake in\u2026<\/p>\nYou may also like:<\/h3>\n
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