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- BitMine plans to launch its U.S.-based validator network in early 2026 to generate staking income.
- The firm holds over 4.1 million ETH worth $12B, making it the largest public Ethereum treasury.
- Staking at scale could generate up to $374M annually, depending on yield and validator performance.
BitMine is preparing to activate its Made in America Validator Network in early 2026 as it looks to turn its large Ethereum holdings into a recurring source of income. The listed crypto firm aims to move beyond asset accumulation and toward steady staking-driven returns.
The company said that it now holds 4,110,525 Ether, which it values at around $12 billion. This makes BitMine the largest publicly disclosed corporate holder of Ethereum. The position also places the firm among the most crypto-heavy balance sheets in public markets.
Chairman Thomas Tom Lee said the validator initiative marks a strategic shift. He framed MAVAN as the bridge between holding Ether and actively monetizing it. The company plans to deploy the network during the early part of the 2026 calendar year.
Lee said MAVAN is built to deliver secure and reliable staking operations. The system focuses on high validator uptime and low penalty risk. These factors play a direct role in determining long-term staking performance.
Validator economics remain central to the strategy. Staking rewards are paid in Ether and change with network usage. Returns also depend on yield conditions and operational efficiency across validators.
BitMine Targets $374M From Ethereum Staking
BitMine has attracted attention with projections tied to staking at scale. Lee stated that staking fees could reach approximately $374 million once MAVAN and partner operators stake the majority of the firm’s Ether. Based on current assumptions, that level would exceed $1 million in daily revenue.
The company noted that these estimates rely on several conditions. BitMine must stake a large portion of its holdings while maintaining strong validator performance. Ether prices and yields must also remain supportive to sustain dollar-based returns.
The rollout remains gradual for now. BitMine said it has already staked 408,627 Ether with third-party providers. This phase allows the firm to test systems and processes ahead of full deployment.
Also Read: Ethereum Staking Flips Bullish as Validator Demand Nearly Doubles Withdrawals
At the same time, accumulation has continued. BitMine added 44,463 Ether over the past week. The company described itself as the largest source of Ether buying during that period.
Strong Balance Sheet and Share Volume Back BitMine’s Strategy
The company declared consolidated holdings of $13.2 billion in crypto, cash, and assets with greater risks. Of that amount, the cash amounts to some $1 billion. According to the management, this liquidity assists in being flexible when the staking operations grow.
The market activity in the equity market has found a place in the narrative. BitMine reported that its shares were trading at approximately 980 million dollars per day on an average of five days. This level of trading made the stock of BitMine one of the most actively traded stocks in the U.S. by the end of December 2025.
Regulation also plays a significant role in the staking plan. Previous enforcement procedures compelled companies such as Kraken to terminate U.S. staking services due to the influence of the SEC. Those proceedings determined the attitudes of companies toward validator operations.
In more recent times, the tone has changed. With Donald Trump in charge, the SEC has proceeded to dismiss a civil enforcement action against Coinbase. That move enhanced the anticipations of the U.S.-based staking models.
Another update would be provided to investors in January. BitMine is planning to hold its annual shareholder meeting on January 15, 2026, in Las Vegas. There are elections of directors and decisions associated with capital structure and incentive plans, which will provide a control point regarding the ongoing Ethereum strategy of the firm.
Also Read: Bitmine Shocks Crypto Markets After Amassing Over 4M ETH in Aggressive Buying Spree
