## BitMine Pledged Over $1 Billion in ETH in Two Days: On-Chain Data Analysis

On-chain tracking data from Lookonchain shows a noteworthy phenomenon—digital asset management giant BitMine invested 342,560 ETH into the Ethereum ecosystem in just two days. Based on current market prices, this investment amounts to approximately $1 billion, highlighting the strong confidence of institutions in Ethereum's long-term value.

### Strategic Considerations Behind Large-Scale Institutional Deployment

Led by Tom Lee, head of the Fundstrat research team, BitMine previously disclosed that it holds over 4 million ETH, accounting for 3.4% of ETH's total circulating supply. On-chain data further indicates that the company has been continuously accumulating over recent periods, suggesting that its Ethereum ecosystem strategy is not a fleeting move.

Staking mechanisms are a core pillar of the Ethereum network's security operation. By staking ETH, validators participate in the Proof-of-Stake consensus mechanism, supporting transaction validation and block creation, while also earning corresponding staking rewards. BitMine's actions not only bolster network security but also generate value-added income through long-term holdings.

### MAVAN Project: A New Attempt at a Domestic Validator Network in the US

BitMine is preparing to launch its self-developed platform, the "Made-in-America Validator Network" (MAVAN). The project has undergone rigorous evaluation of multiple institutional-grade staking service providers, covering aspects such as security, reliability, and yield generation.

To verify system performance, BitMine has initiated pilot projects with three selected partners, collecting operational data in real network environments to gain experience for subsequent large-scale deployment. The project aims to officially go live in early 2026, becoming an autonomous platform focused on native Ethereum staking.

BitMine's series of initiatives reflect that, within the Ethereum ecosystem, large institutional investors are shifting from passive holding to active participation in network security and governance, while also building their own infrastructure to optimize long-term returns.

**Data Reference**: ETH current price is approximately $3,310, with a circulating supply of about 120.6 million coins.