BitMine to Launch MAVAN Backed by $12B Ethereum Treasury

TheNewsCryptoPublished on 2025-12-30Last updated on 2025-12-30

Abstract

BitMine plans to launch its Made in America Validator Network (MAVAN) in early 2026, aiming to generate staking yields from its $12 billion Ethereum treasury. The company has accumulated over 4.1 million ETH, making it one of the largest publicly disclosed crypto treasuries. Chairman Thomas Tom Lee emphasized that MAVAN will provide a secure staking environment and generate rewards through validator operations. Currently, a portion of ETH is staked with third-party providers as BitMine tests the network ahead of its full rollout. The company continues to acquire more Ether and holds a total of $13.2 billion in crypto, cash, and other assets.

A pioneering digital asset platform, BitMine has planned to initiate its Made in America Validator Network in the early months of the next year. The company has taken this initiative, focusing on earning staking yield from a $12 billion Ethereum hoard.

On December 29, the company revealed that it has accumulated around 4,110,525 Ether, accounting for around $12 billion. The numbers have taken the company to a position at the largest publicly disclosed Ethereum treasury and one of the biggest crypto balance sheets in the industry.

The chairman of the company, Thomas Tom Lee, proposed MAVAN in the upcoming step, shifting BitMine from culminating to monetisation via validator operations. He further mentioned that he is going to continue making progress on their solution, widely known as the Made in America Validator Network (MAVAN).

He also reassured that this will be the ‘best-in-class’ solution, providing a safe staking environment, and will be rolled out in early 2026. Validator economics is at the core, and rewards are paid in ether, formulated by network activity, validator uptime and the yield environment that also adds MEV-associated revenue.

Checks Before Rollout

Lee also informed us that when ETH of the company is completely staked by MAVAN and its staking partners, the staking fee of ETH is $374 million annually, or over $1 million per day. The number is revised on a stack of assumptions, adding staking most of the treasury, keeping up high validator performance with minimum penalties and looking for yields and prices that stay supportive enough to have dollar returns appraised.

Currently, BitMine is not in complete control. The company mentioned that 408,627 Ether has so far been staked with third-party providers as it checks MAVAN before a wider launch aimed for early 2026. BitMine has also been continuously buying.

The company has added 44,463 Ether in the last week, positioning itself as the biggest fresh money purchaser of Ether, and it put its accumulated crypto, cash and “moonshots” holding at $13.2 billion, adding $1.0 billion in cash.

The stock angle has also been added in the story, as liquidity matters when a treasury strategy seems like a leveraged proxy for Ether. BitMine revealed BMNR traded around $980 million in a single day on a five-day average, being 47th among US-listed stocks as of last Friday.

Highlighted Crypto News Today:

Russia Proposes New Rules Allowing Retail Crypto Trading With Strict Limits

TagsbitmineETHethereum treasury

Related Questions

QWhat is the name of the new network that BitMine is launching and when is it planned?

ABitMine is launching the Made in America Validator Network (MAVAN), with a rollout planned for early 2026.

QWhat is the estimated value of the Ethereum treasury that BitMine has accumulated to back this initiative?

ABitMine has accumulated an Ethereum treasury worth approximately $12 billion, consisting of around 4,110,525 Ether.

QAccording to the chairman, what are the core components of the validator economics for MAVAN?

AThe core components of the validator economics are network activity, validator uptime, and the yield environment, which also includes MEV-associated revenue. Rewards are paid in Ether.

QWhat is the projected annual staking fee income for BitMine once its ETH is fully staked?

AOnce its ETH is fully staked, BitMine's projected annual staking fee income is $374 million, which is over $1 million per day.

QHow much Ether has BitMine staked with third-party providers as it tests MAVAN?

ABitMine has staked 408,627 Ether with third-party providers as it tests the MAVAN system before its wider launch.

Related Reads

Apple Also Has to Pay Rent Now

Apple Pays Rent Too: The Two-Way Flow of "Traffic Tax" and "AI Capability Rent" Between Tech Giants For over two decades, Google has paid Apple an estimated $20 billion annually to remain the default search engine on Safari, a "traffic tax" for a critical user entry point. However, in 2026, the direction of this cash flow partially reversed. Apple agreed to pay Google roughly $1 billion per year to license its Gemini AI models, as Apple's own models reportedly struggled with complex tasks. This creates a unique dynamic: Apple acts as the "landlord" in the established search ecosystem, collecting rent from Google for access. Simultaneously, in the emerging AI arena, Apple becomes the "tenant," paying Google for access to cutting-edge AI capabilities it cannot currently match internally. While Apple claims its new models are "distilled" from Gemini outputs and contain "not a drop" of Google's original code, core dependencies remain. Its knowledge base is refined using Gemini's outputs, and its most powerful cloud model runs on Google's infrastructure. Apple has structured the deal as non-exclusive, allowing it to theoretically switch AI suppliers—a hedge against over-reliance. The future hinges on whether advanced AI models become a commodity (cheap and abundant) or remain a concentrated, scarce resource (expensive and controlled by few). Apple is betting on the former, leveraging its massive device ecosystem to be a powerful, choosy customer. If the latter proves true, its bargaining power could erode. This power dynamic is extending to developers. Apple, Google, and WeChat are all pushing for apps to expose their core functions as standardized "actions" or "intents" that their respective AI assistants (Siri, Gemini, WeChat AI) can directly call. The new scarce resource is no longer just app store visibility, but "being selected by the AI." The currency of "rent" has changed from a 30% revenue share to ceding control over how users interact with an app's functions.

marsbit15m ago

Apple Also Has to Pay Rent Now

marsbit15m ago

Missed the SpaceX IPO? WEEX's "First Trade Protection" Lets You Experience US Stock Trading Risk-Free.

With the excitement around SpaceX's recent public listing reigniting interest in the US stock market, Chinese investors face significant challenges accessing compliant and convenient trading channels following regulatory actions against major online brokers. This article explores the available options, highlighting their risks and limitations. Traditional paths for US stock investments remain problematic. Qualified Domestic Institutional Investor (QDII) and Listed Open-Ended Fund (LOF) products, while compliant, suffer from high fees, significant purchase premiums, and a very limited selection of assets. Small, unregulated offshore brokers pose substantial risks, including potential insolvency. While secure, VIP accounts at banks in Hong Kong or Singapore require high minimum deposits (often 1-2 million RMB) and in-person visits, placing them out of reach for most retail investors. The article positions cryptocurrency exchanges, specifically their TradFi (traditional finance on-chain) offerings, as a compelling alternative. Platforms like WEEX are noted for providing access to a wide range of US stocks and ETFs, including SpaceX (SPCXON), through tokenized assets. This method offers advantages such as a single account for both crypto and traditional assets, USDT-based settlement avoiding fiat complexities, flexible leverage, and robust risk management. To attract users, WEEX is promoting a "First Trade Guarantee" campaign. Running from June 15 to July 8 (UTC+8), it features a $30,000 prize pool. Users who trade $500 worth of US stock contracts can qualify for a guarantee on their first eligible trade: 100% loss coverage up to $30 or a 20% bonus on profits up to $30. The campaign is presented as a low-risk opportunity for both crypto natives and traditional investors to experience US stock trading.

marsbit17m ago

Missed the SpaceX IPO? WEEX's "First Trade Protection" Lets You Experience US Stock Trading Risk-Free.

marsbit17m ago

How Difficult is Chip Making? A Division Error Costs 475 Million Dollars

How Hard Is It to Make a Chip? A Division Error Cost $475 Million Chip expert Shi Kan, a researcher at the Chinese Academy of Sciences and a popular tech creator, explains the immense challenges of chip development. Chips are foundational to modern technology, but their creation is extraordinarily difficult. The journey from sand to a functional chip involves complex design and manufacturing, but a critical bottleneck is verification—ensuring the design works flawlessly before costly production. A single, undetected bug can have catastrophic consequences, as illustrated by the infamous 1994 Intel Pentium FDIV bug. A flaw in the floating-point division unit forced a recall costing $475 million. Unlike software, chips cannot be easily patched after manufacture, making "first-time success" paramount. However, industry surveys show only 24% of chip projects achieve this; over three-quarters require at least one costly re-spin due to design flaws. Verification has thus become the dominant phase, consuming up to 70% of the design cycle. The core challenge is a "verification impossible triangle" between high performance, good debuggability, and low cost. Exhaustively verifying a modern CPU core could take 15,000 years with software simulation, or 30 years with advanced hardware emulation—timeframes utterly impractical for development. Despite being essential, verification is often seen as unglamorous "dirty work," receiving less academic attention than fields like AI. Shi and his team are tackling this by developing an agile verification research framework called ENCORE, based on FPGA technology, to improve verification efficiency and debug capability. Beyond research, Shi engages in public science communication through long-form video content, aiming to demystify chip technology, AI, and computer science. He argues for the value of pursuing "hard and long-term" endeavors, whether in the meticulous world of chip verification or in creating substantive educational content, believing such sustained effort is likely the right path forward.

marsbit26m ago

How Difficult is Chip Making? A Division Error Costs 475 Million Dollars

marsbit26m ago

Claude to Mandate "Face-Scan ID Verification", No ID No Service Starting July?

Anthropic, the creator of Claude AI, has sent privacy policy update emails to users, signaling a significant shift. The key change, effective July 8, is the potential requirement for consumer-level users (Free, Pro, Max plans) to verify their age or identity. This verification would be conducted through the third-party service Persona, involving uploading a government-issued photo ID and taking a live selfie for comparison. Anthropic states this data is for security purposes only, will not be used for model training, and is processed by Persona, not stored on its own servers. The update also clarifies data handling for Claude's new capabilities: when performing multi-step tasks or connecting to third-party apps, user data may flow between Anthropic and those external services. Additionally, more information may be collected from users who participate in Anthropic research. This move is seen as a major step towards establishing accountability as AI agents become more powerful and autonomous, capable of executing complex, real-world tasks. It follows previous enforcement actions, like the banning of the "Fable 5" account, and indicates a broader industry trend toward stricter user identification and safety measures. The verification is expected to apply in specific scenarios, particularly as users engage Claude in more complex agentic workflows.

链捕手39m ago

Claude to Mandate "Face-Scan ID Verification", No ID No Service Starting July?

链捕手39m ago

Blockchain Has Finally Started to Sail into the Mainstream After 18 Years

Blockchain Finds Its True Path After 18 Years: Becoming the Financial Backbone for AI Agents and Autonomy This analysis explores a pivotal shift in the blockchain and crypto investment landscape, driven by the dominance of AI. Major venture capital firms, including Variant, Paradigm, Haun Ventures, and YZi Labs, are moving beyond pure "crypto" investment theses. They are expanding their focus to AI, robotics, and frontier tech, signaling that blockchain is no longer seen as a standalone sector but as an underlying infrastructure layer. The core argument is that blockchain's killer application may not be user-facing apps, but rather providing the economic rails for the coming wave of AI agents, autonomous robots, and automated systems. Key capabilities like self-custody wallets, programmable stablecoins for micropayments, on-chain identity, and verifiable smart contracts are positioned as essential for a future where machines conduct economic activity. The recent $1.4 billion investment by Tether (via its venture arm) in German robotics company NEURA Robotics exemplifies this, aiming to embed Tether's wallet tools directly into robots for autonomous transactions. While many "AI + Crypto" projects remain superficial, the article concludes that true value lies where crypto is a necessary component—enabling machine-to-machine payments, agent autonomy, verifiable data provenance, and open financial settlement for the AI era. For crypto venture capital, this convergence with AI represents both an adaptation to shifting capital flows and a potential path to unlocking the large-scale, non-speculative utility the industry has long sought.

marsbit47m ago

Blockchain Has Finally Started to Sail into the Mainstream After 18 Years

marsbit47m ago

Trading

Spot
Futures

Hot Articles

Discussions

Welcome to the HTX Community. Here, you can stay informed about the latest platform developments and gain access to professional market insights. Users' opinions on the price of ETH (ETH) are presented below.

活动图片

Top Questions