BitMine is pleased to announce the launch of MAVAN, an institutional-grade Ethereum staking platform.

BlockBeats News, March 26th, the leading Ethereum crypto treasury BitMine announced the launch of the institutional Ethereum staking platform MAVAN, which will operate validator infrastructure for both its own holdings and external clients. The platform was initially developed to support BitMine's existing Ethereum treasury and is now open to institutional clients and custodians, with plans to onboard more ETH assets in the coming weeks. The new staking platform will combine U.S.-based infrastructure with a globally distributed setup and is expected to expand to more proof-of-stake networks and blockchain services.

BitMine has stated that it staked 101,776 ETH in the past week and intends to further increase the amount allocated to MAVAN while driving staking for most of its remaining Ethereum. The company estimates that based on the current yield, staking rewards could potentially reach close to $300 million annually.