Bitmine Acquires Pier Two to Enhance Ethereum Staking Capacity
- Strategic Acquisition: Bitmine Immersion Technologies has officially acquired leading non-custodial validator operator Pier Two to power its newly launched MAVAN (Made in America Validator Network), enabling Bitmine to capture the full stack of Ethereum rewards by integrating Pier Two's infrastructure.
- Full-Stack Reward Capture: This acquisition allows Bitmine to transition its massive treasury away from third-party providers, combining its $6.8 billion staked ETH position with Pier Two's institutional-grade infrastructure, thereby enhancing its revenue potential.
- Annualized Reward Projections: Following full integration, Bitmine projects its annualized staking rewards to approach $300 million, reflecting not only its ambitions in the Ethereum staking market but also its competitive edge within the industry.
- Market Leadership: Through this acquisition, Bitmine aims to become the world's largest Ethereum staking platform, further solidifying its leadership position in the rapidly evolving cryptocurrency market and attracting more investor interest in its business growth.
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- Strategic Acquisition: Bitmine Immersion Technologies has officially acquired leading non-custodial validator operator Pier Two to power its newly launched MAVAN (Made in America Validator Network), enabling Bitmine to capture the full stack of Ethereum rewards by integrating Pier Two's infrastructure.
- Full-Stack Reward Capture: This acquisition allows Bitmine to transition its massive treasury away from third-party providers, combining its $6.8 billion staked ETH position with Pier Two's institutional-grade infrastructure, thereby enhancing its revenue potential.
- Annualized Reward Projections: Following full integration, Bitmine projects its annualized staking rewards to approach $300 million, reflecting not only its ambitions in the Ethereum staking market but also its competitive edge within the industry.
- Market Leadership: Through this acquisition, Bitmine aims to become the world's largest Ethereum staking platform, further solidifying its leadership position in the rapidly evolving cryptocurrency market and attracting more investor interest in its business growth.

Market Decline: U.S. pre-market cryptocurrency-related stocks experienced a decline across the board, indicating a negative trend in the market.
Notable Stock Drops: Significant drops were observed in various stocks, including Bitmine (down 4.05%), Sharplink Gaming (down 3.98%), and Circle (down 3.04%).
Additional Stock Performance: Other stocks such as Bullish (down 2.97%), Riot Platforms (down 2.90%), and Mara Holdings (down 2.78%) also reported losses.
MicroStrategy's Decline: MicroStrategy saw a decrease of 2.11%, contributing to the overall downturn in cryptocurrency-related stocks.
- Platform Launch: Bitmine has introduced MAVAN, an Ethereum staking platform built on its existing validator infrastructure, targeting custodians, exchanges, and institutional investors seeking U.S.-based validator support, thereby expanding its market presence.
- Staking Scale: Bitmine currently holds 4.66 million ETH, representing 3.86% of the total supply, with 3.14 million ETH already staked, valued at approximately $6.8 billion at current prices, highlighting its significant position within the Ethereum ecosystem.
- Migration Plans: Over the past week, the company staked 101,776 ETH worth about $219 million to MAVAN and plans to migrate nearly all remaining unstaked ETH to the platform in the coming weeks, which is expected to significantly enhance its staked asset base.
- Yield Projections: Once fully migrated, Bitmine projects annual staking rewards of nearly $300 million based on a 2.83% seven-day yield, which will provide substantial cash flow and strengthen its competitive position in the market.
- Platform Launch: Bitmine Immersion Technologies has introduced its proprietary Ethereum staking platform, MAVAN, which combines U.S.-based infrastructure with a globally distributed architecture to meet institutional client needs, positioning it to become the largest Ethereum staking platform worldwide.
- Market Leadership: As the largest holder of Ethereum globally, Bitmine plans to rapidly expand its market share following the launch of MAVAN, with intentions to broaden its reach into additional proof-of-stake networks and critical blockchain infrastructure by 2026.
- Staking Scale: As of March 24, 2026, Bitmine's total staked Ethereum reached 3,142,643 tokens, valued at approximately $6.8 billion based on a price of $2,148 per ETH, demonstrating its formidable presence in the market.
- Future Development: Bitmine aims to increase investments in areas such as on-chain vaults and post-quantum client development over the coming years, further solidifying its leadership position in blockchain technology.

Company Announcement: Shares of Tom Lee-backed Bitmine Technologies (BMNR) rose in pre-market trading following the announcement of its long-awaited Made in America Validator Network (MAVAN) launch.
Project Expansion: Originally developed to assist Bitmine in holding its own Ethereum (ETH) assets, the company is now expanding MAVAN's scope to include institutional investors, custodians, and other ecosystem partners.
Market Position: Bitmine, being the largest owner of Ethereum globally, aims for MAVAN to become the largest Ethereum staking platform in the world.
Future Plans: The company plans to expand its efforts across additional proof-of-stake networks and critical blockchain infrastructure through 2026, focusing on areas like on-chain vaults and post-quantum client development.

Launch Announcement: The launch of MAVAN, a proprietary institutional-grade Ethereum staking platform, has been announced.
Network Validation: MAVAN is designed to operate on the Made in America validator network, focusing on enhancing Ethereum staking capabilities.









