Ethereum is on its knees. Below $2,700, the reference blockchain is losing blood, and with it, an entire ecosystem. For crypto investors, the hemorrhage looks like a silent crash. BitMine, one of the largest holders of ETH, is suffering heavy losses. But instead of giving in, the giant draws his latest plan: MAVAN. No more complaints. Time for real action.
Ethereum in distress: BitMine releases MAVAN to restart the machine
The year 2025 will have shattered many certainties in the crypto market. Ethereum, which was flirting with highs last summer, falls to $2,711. BitMine, which bought it at a high price, found itself with more than $3.7 billion in unrealized losses. For the average crypto investor, it’s a cold shower. For BitMine, a strategic turning point.
Staking becomes its wild card. In 2026, the firm will activate MAVAN : an in-house staking platform, tested with three technical partners. Objective: transform dormant assets into income streams. Tom Lee, president of BitMine, drives the point home:
While many “turnkey” offerings exist, we believe in creating the best possible destination for our natively staked Ether, and we are proud to build this with the best partners. On a broad scale, we believe our strategy will best serve the long-term interests of our shareholders.
MAVAN is not just a technical answer. It is a declaration of independence from BlackRock and other ETFs which are eating away at the decentralized soul of Web3. And while Ethereum licks its wounds, BitMine is charting a new course.
Crypto in the middle of a storm: dividend, staking and sovereignty
Far from being content with a defensive strategy, BitMine plays the offensive. It becomes the first listed crypto company to pay a modest but symbolic dividend: $0.01 per share. An astonishing decision, in a market that is wavering. But with net income of $328 million and EPS of $13.39, the company shows that it still knows how to hold its own.
At the same time, MAVAN is entering the pilot phase. Three service providers evaluated according to strict criteria: safety, efficiency, performance. The objective? Control 5% of the global Ethereum supply. Just that. And all this, on a “made in America”, sovereign, robust infrastructure.
At the same time, other cryptos are faltering. Bitcoin is coping poorly with the drop in liquidity, altcoins are being downgraded. BitMine is making a bet: that resilience is more profitable than flight.
Key takeaways
- Ethereum price at $2,711: brutal fall compared to summer;
- $3.7 billion: unrealized losses at BitMine;
- $0.01: amount of dividend paid;
- $13.39: net earnings per share;
- Q1 2026: launch of the MAVAN network.
Tumbles often force crypto-believers to think. Michael Saylor learned a simple lesson: when prices plunge, you have to defend your vision. Even against headwinds. For him, as for BitMine, minimizing volatility does not mean running away. This means building to last.
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