BlockBeats News, March 26 — The leading Ethereum crypto treasury BitMine announced the launch of an institutional-grade Ethereum staking platform MAVAN, 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 include more ETH assets in the coming weeks. The new staking platform will combine U.S. infrastructure with global distributed deployment and is expected to expand to more proof-of-stake networks and blockchain services.
BitMine stated that over the past week, it has staked 101,776 ETH 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.
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