Big Ethereum Bull Tom Lee Makes Another Billion-Dollar ETH Move!

Bitmine, the world’s largest Ethereum (ETH) treasury company, announced the launch of MAVAN, an institutional-level Ethereum staking platform developed in-house.

Despite the sharp declines, Bitmine, which continues to rapidly purchase ETH, announced last week that it staked 101,776 Ethereum in MAVAN.

Bitmine added that it plans to stake all of its unstaked Ethereum holdings on MAVAN from now on.

MAVAN is designed as the leading Ethereum staking platform for institutions, focusing on security, performance, and resilience. Initially developed to support Bitmine’s own Ethereum treasury, MAVAN aims to expand to serve institutional investors, custodians, and ecosystem partners seeking best-in-class staking infrastructure.

Bitmine Chairman Tom Lee stated that MAVAN will become the world’s largest Ethereum staking platform and plans to expand into proof-of-stake (PoS) networks and blockchain infrastructure.

“MAVAN represents a critical step in our vision to build one of the leading staking and on-chain infrastructure platforms on a global scale.”

Since Bitmine is the world’s largest holder of Ethereum, MAVAN will become the world’s largest Ethereum staking platform shortly after its launch.

Over time, we plan to expand to additional proof-of-stake networks and critical blockchain infrastructure, and by 2026 we will increase our work in areas such as on-chain vaults, post-quantum client development, and more.

According to the announcement, as of March 24, 2026, Bitmine had a total of 3,142,643 ETH staked (worth $6.8 billion at $2.148 per ETH). This places Bitmine understakes more ETH than any other organization worldwide.

*This is not investment advice.

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