MAVAN ETHEREUM VALIDATOR NETWORK SET FOR EARLY 2026 LAUNCH BY BITMINE

BitMine is preparing to launch its MAVAN (Made in America Validator Network) in early 2026, marking a strategic shift from simply holding Ether to actively generating income through large-scale Ethereum staking. The move is designed to put the company’s sizable ETH reserves to work rather than leaving them idle.

The publicly listed crypto firm, chaired by Thomas Tom Lee, currently holds 4,110,525 Ether, a position valued at roughly $12 billion. This makes BitMine the largest publicly disclosed holder of Ethereum, placing it among the most significant crypto treasuries in the market.

According to Lee, MAVAN represents the next phase of BitMine’s long-term strategy, transitioning the company from accumulation to monetization via validator operations. By running its own validator infrastructure, BitMine aims to earn staking rewards while maintaining a strong focus on security and reliability.

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“We continue to make progress on our staking solution, known as the Made in America Validator Network (MAVAN),” Lee said. “Our goal is to deliver a best-in-class, secure staking platform, with deployment targeted for early calendar 2026.”

Understanding Staking Economics at Institutional Scale

At the heart of BitMine’s strategy is validator economics, where staking rewards are paid in Ethereum and influenced by factors like network activity, validator uptime, and the broader yield environment, including potential MEV (Maximal Extractable Value) revenue.

BitMine has drawn attention with claims of earning over $1 million per day once its ETH holdings are fully staked through MAVAN and partner validators. Chairman Thomas Tom Lee explained:

“At scale, when BitMine’s ETH is fully staked, the ETH staking fee is around $374 million annually (using a 2.81% CESR), translating to more than $1 million per day.”

This projection depends on several assumptions: staking most of the treasury, maintaining high validator performance with minimal penalties, and supportive yield and ETH price conditions to sustain dollar returns.

Gradual Rollout and Treasury Expansion

BitMine is currently not at full capacity. About 408,627 Ether is already staked with third-party providers as MAVAN undergoes testing ahead of its early 2026 full rollout.

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The company has also continued accumulating ETH, adding 44,463 Ether in the past week, and positioning itself as the largest “fresh money” buyer of Ethereum.

Combined holdings, including crypto, cash, and experimental investments, now total approximately $13.2 billion, with $1 billion in cash.

Liquidity is also a consideration. BitMine’s stock, BMNR, trades around $980 million daily on a five-day average, ranking 47th among U.S.-listed stocks as of December 26, 2025.

This plays a role when the treasury strategy begins to act like a leveraged proxy for ETH exposure.

Regulatory Tailwinds and Market Positioning

BitMine’s growth strategy is framed amid evolving regulatory conditions in the U.S.

Its backers include ARK Invest, Founders Fund, Pantera, Kraken, DCG, and Galaxy Digital, supporting the long-term target of controlling 5% of the Ethereum supply, a goal dubbed the “Alchemy of 5%.”

The company’s Made in America Validator Network initiative also arrives in a market shaped by prior regulatory actions, including the SEC’s 2023 case that forced Kraken to suspend its U.S. staking service and pay $30 million.

Under President Donald Trump, the SEC has signaled a shift in crypto enforcement, including moving to dismiss its civil action against Coinbase, creating a more favorable regulatory environment for staking operations.

Key Upcoming Milestones

Investors will have a checkpoint in January 2026. BitMine has scheduled its annual stockholder meeting for January 15 at the Wynn Las Vegas, where shareholders will vote on director appointments and proposals related to the company’s capital structure and incentive plans.

These developments underscore BitMine’s dual focus: staking ETH at scale while navigating regulatory clarity and investor expectations, positioning the company as a major player in institutional Ethereum staking.

Conclusion

BitMine’s MAVAN Ethereum Validator Network positions the company at the forefront of institutional-scale staking. By transitioning from accumulation to monetization, BitMine aims to generate significant ETH staking rewards while maintaining security and operational reliability.

With regulatory tailwinds, ongoing ETH accumulation, and strategic rollout plans, the company is set to become a major player in the Ethereum ecosystem by early 2026.

1. What is MAVAN?

MAVAN (Made in America Validator Network) is BitMine’s Ethereum staking platform. It allows the company to monetize its large ETH holdings by running validator nodes, generating staking rewards while maintaining security and operational reliability.

2. When will MAVAN launch?

BitMine plans to officially launch MAVAN in early 2026. The current rollout is in a testing phase with third-party staking partners, preparing for full-scale deployment to maximize ETH staking income.

3. How much ETH does BitMine hold?

The company currently holds 4,110,525 ETH, valued at roughly $12 billion, making it the largest publicly disclosed Ethereum treasury. BitMine continues to accumulate ETH to strengthen its staking and treasury strategy.

4. What daily revenue is expected from staking?

Once MAVAN and partner validators fully stake BitMine’s ETH, the company could earn over $1 million per day, or around $374 million annually, assuming high validator performance and favorable market conditions.

5. Who are BitMine’s key backers?

BitMine counts major investors such as ARK Invest, Founders Fund, Pantera, Kraken, DCG, and Galaxy Digital. These backers support the company’s long-term goal of controlling 5% of the Ethereum supply, dubbed the “Alchemy of 5%.”