Market | March 25, 2026
BitMine Opens A U.S. Ether Staking Rail
Tom Lee's firm says its new MAVAN platform will use BitMine's giant ether reserve to serve institutions that want staking yield tied to U.S.-based validation infrastructure.
BitMine has turned its ether pile into a new institutional staking product. Decrypt reports that the company on Wednesday launched MAVAN, short for Made in America Validator Network, a platform built around U.S.-based Ethereum validation for institutions that want staking yield without handing that infrastructure layer to someone else.
The pitch rests on scale. BitMine says it holds 4.6 million ETH and has already staked 3.1 million of it, enough for chairman Tom Lee to argue that MAVAN will soon become the largest Ethereum staking platform in the world. The company said the network is globally accessible, but its validator footprint is based in the United States for clients that want domestic validation. Lee also said BitMine plans to expand into other proof-of-stake networks and to explore DeFi vault strategies this year.