Last updated on January 2nd, 2026 at 06:31 pm
Quick Breakdown
- BitMine holds over $12B in ETH, making it the largest publicly disclosed Ethereum treasury.
- MAVAN staking network launches in early 2026, targeting over $1M in rewards per day.
- Regulatory shifts in the US are improving the outlook for institutional staking.
BitMine, a publicly listed crypto firm chaired by Wall Street strategist Thomas “Tom” Lee, is preparing to launch a US-based Ethereum validator network in early 2026 as it shifts from aggressive ETH accumulation to yield generation.
🧵
BitMine provided its latest holdings update for Dec 29th, 2025:$13.2 billion in total crypto + “moonshots”:
– 4,110,525 ETH at $2,948 per ETH (@coinbase)
– 193 Bitcoin (BTC)
– $23 million stake in Eightco Holdings (NASDAQ: ORBS) (“moonshots”) and
– total cash of $1.0…— Bitmine (NYSE-BMNR) $ETH (@BitMNR) December 29, 2025
The company says its upcoming Made in America Validator Network (MAVAN) will allow BitMine to stake a massive Ethereum treasury now valued at roughly $12 billion, positioning it as the largest publicly disclosed corporate holder of ETH.
From hoarding Ether to putting it to work
In a statement released Monday, BitMine revealed it holds 4,110,525 Ether, surpassing other corporate crypto treasuries and cementing its place among the biggest balance sheets in the digital asset sector.
Lee described MAVAN as the next phase of BitMine’s strategy, turning dormant crypto reserves into a recurring revenue engine through validator operations.
“We are moving from accumulation to monetisation,”
Lee said, adding that MAVAN is designed to deliver “best-in-class” security and uptime when it goes live in early 2026.
The math behind institutional-scale staking
Ethereum staking economics sit at the heart of BitMine’s bet. Validator rewards fluctuate based on network usage, uptime performance, slashing risk, and additional income streams such as MEV (maximal extractable value).
According to the company, entirely staking its ETH through MAVAN and partners could generate $374 million annually at a 2.81% composite staking return, translating to more than $1 million per day.
For now, BitMine is taking a phased approach. Around 408,627 ETH is already staked via third-party providers as the firm tests its internal infrastructure ahead of a full rollout.
Regulatory reset boosts staking confidence
US staking services were dealt a heavy blow in 2023 when the SEC forced Kraken to shut down its staking-as-a-service program and pay a $30 million settlement. Since then, regulatory uncertainty has lingered.
Under President Donald Trump, however, the SEC has begun dialing back its crypto enforcement stance, including dropping its civil case against Coinbase, a move widely seen as reopening the door for compliant US-based staking models.
Investors will get further clarity at BitMine’s annual shareholder meeting on January 15, 2026, scheduled to take place at the Wynn Las Vegas. The agenda includes director elections, capital structure proposals, and updates tied to incentive plans.
If you would like to read more articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.
Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”
