BitMine: A total of 408,627 ETH has been staked, and MAVAN is expected to launch in Q1

The Ethereum treasury company BitMine posted on platform X that it has staked 408,627 ETH to date, valued at approximately 1.2 billion dollars based on a price of $2,948.

BitMine also disclosed that it is currently developing a domestic Ethereum validator network called MAVAN, which is described as a custom infrastructure designed specifically for native Ethereum staking, with plans for a full launch in the first quarter of 2026.