Tom Lee's Bitmine debuts MAVAN staking, stock advances

Bitmine Immersion Technologies (BMNR), led by Fundstrat Global Advisors co-founder Thomas “Tom” Lee, announced Wednesday that it is launching its MAVAN staking solution after months of infrastructure development.

MAVAN, short for Made-in-America Validator Network, is a proprietary staking platform designed to dominate institutional Ethereum staking and expand into broader blockchain infrastructure services. It was first hinted at in late 2025 earnings reports for a Q1 2026 launch.

“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 develop MAVAN into a leading crypto infrastructure network focused on long-term Ethereum accumulation.

Bitmine stated that its Ethereum holdings include more than 3.1 million staked ETH worth approximately $6.8 billion, and it is steadily working toward a goal of 5 percent of the ETH supply, with its total holdings reaching about 4.6 million ETH valued at $9.7 billion.

Bitmine shares rose 3% in Wednesday’s premarket trading, according to Yahoo Finance.

Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.