BlockBeats news, March 26, BitMine, the largest Ethereum crypto treasury, announced the launch of MAVAN, an institutional-grade Ethereum staking platform, which will operate validator infrastructure for 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. infrastructure with globally distributed configurations and is expected to expand to more proof-of-stake networks and blockchain services.
BitMine stated that it has staked 101,776 ETH in the past week and plans to continue increasing the amount allocated to MAVAN while staking most of its remaining Ethereum. The company estimates that, based on current yields, staking rewards could approach $300 million annually.
