BitMine, Led by Tom Lee, Unveils MAVAN, an Ethereum Staking Platform

Chaired by Tom Lee, BitMine has announced the launch of the Made in America VAlidator Network (MAVAN), a proprietary institutional-grade Ethereum (ETH) staking platform. The news follows the company's recent Ethereum acquisition, which took its total holdings to over 4,660,000 tokens. MAVAN was initially developed to support BitMine's own ETH treasury, but will now expand to cater to institutional investors, custodians, and ecosystem partners in need of such staking infrastructure. Lee stated that the company plans to expand across additional proof-of-stake networks and key blockchain infrastructure, with a focus on security, performance, and resilience. Despite its negative Ethereum position due to the asset's price drop in recent months, BitMine's total holdings are valued at approximately $11 billion, which includes over $1 billion in cash.