Bitmine Immersion Technologies (BMNR), led by Fundstrat Global Advisors’ co-founder Thomas “Tom” Lee, is rolling out its MAVAN staking solution after months of infrastructure preparation, the company announced Wednesday.
MAVAN, short for Made-in-America Validator Network, is a proprietary staking platform built to dominate institutional Ethereum staking and expand into broader blockchain infrastructure services. It was first teased in late 2025 earnings reports for a Q1 2026 debut.
“MAVAN represents a critical step in our vision to build one of the leading staking and on-chain infrastructure platforms globally,” Lee said in a statement. “We plan to expand across additional proof-of-stake networks and critical blockchain infrastructure over time, and through 2026, we’ll grow our efforts in areas such as on-chain vaults, post-quantum client development, and more.”
Backed by major investors, Bitmine aims to grow MAVAN into a leading crypto infrastructure network focused on long-term Ethereum accumulation.
Bitmine said its Ethereum position includes more than 3.1 million staked $ETH worth about $6.8 billion, and it is steadily building toward a target of 5 percent of the $ETH supply, with its total stash reaching roughly 4.6 million $ETH valued at $9.7 billion.
Bitmine shares gained 3% in Wednesday’s premarket trading, per Yahoo Finance.