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BitMine (BMNR), led by Chairman Thomas “Tom” Lee, is preparing to implement the Made in America Validator Network (MAVAN) in early 2026. Ethereum’s American storage architecture is designed to monetize the massive ETH treasure.
The company drew attention with predictions that MAVAN could generate more than $1 million per day in ETH staking rewards. However, caution must be taken because several conditions must be met for this scenario to become a reality.
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Bitmain’s dominance over Ethereum and staking ambitions
BitMine currently has 4,110,525 ETH tokens worth about $12 billion. This makes it the largest publicly announced Ethereum treasury and the second largest in terms of total digital stakes after Ethereum. Microstrategy.
Of this number, 408,627 ETH, worth about $1.2 billion, have already been staked with third-party providers as BitMine tests MAVAN before its full launch.
Once fully implemented, MAFAN could theoretically generate $374 million a year in betting prizes, equivalent to the often known figure of $1 million per day. However, there are very important reservations.
The company has increased His position is active in ETHwith weekly purchases adding tens of thousands of tokens. Last week, BitMine acquired 44,463 ETH, reflecting its “new money” strategy.
Its total portfolio, including crypto, fiat, and “strategic assets,” is now at $13.2 billion, backed by institutional investors such as ARK Invest, Founders Fund, Pantera Capital, Galaxy Digital, and Kraken.
BMNR trades at an average daily dollar volume of $980 million, ranking #47 among US stocks, demonstrating strong liquidity and market interaction.
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Understand the story of BitMine, which pays a million dollars a day
The title number does not represent guaranteed cash flow. Ethereum storage rewards are paid in ETH and vary depending on validator performance, network conditions, And the market price of Ethereum.
The estimate of $1 million per day is derived by multiplying The economic profits invested Expected annual returns (currently measured against the Ethereum Compound Storage Rate, CESR, at 2.81%) and convert the result into USD.
Based on Current investment profits managed by BitMineCurrent daily rewards will be closer to $100,000 to $167,000 at current ETH prices and an annual return of 3% to 5%.
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Making a million dollars a day requires the following:
- A stake in the millions of ETH, effectively implementing most of BitMine’s treasure.
- Strong auditor performance with minimal downtime or few penalties.
- Positive storage returns, May Be supported by MEV or other verification incentives.
- ETH prices remain high, preferably above current levels.
- Operational implementation and regulatory compliance to maintain infrastructure efficiency.
Strategic positioning and organization
MAVAN focuses on domestic infrastructure and regulatory compliance, attracting institutional investors mindful of compliance risks in the United States.
BitMine’s broader strategy, known as “5% alchemy,” aims to maintain 5% of the total ETH supply, through a combination of balance sheet optimization, return generation, and strategic investments.
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MAVAN represents an important step in BitMine’s growth from passive accumulation of ETH to active participation in enterprise networks.
While the $1 million per day figure is reasonable in some scenarios, it remains a projection and not a confirmed revenue line.
Only if BitMine exploits most of its ETH-based value, maintains a high confirmation uptime, and ETH prices remain strong, can it approach this estimate.
Bitmain’s January 15, 2026 shareholder meeting will also clarify the company’s strategic direction and governance.
This may include proposals to expand their authorized actions, approve incentive plans, and align managers with MAVAN’s growth ambitions.
