Odaily Planet Daily report: Tom Lee, Chairman of Bitmine, posted on X that FTSE Russell has released its preliminary list of index inclusions and exclusions, with BitMine Immersion Technologies (stock code: BMNR) included on the list of companies potentially being added to the Russell 1000 Index.
Tom Lee noted that Bitmine's current market capitalization exceeds the Russell 1000 inclusion threshold by $5.7 billion. Since many active fund managers invest only in Russell 1000 constituents, official inclusion in the index could attract increased institutional interest in BMNR.
In addition, the market generally expects that passive index funds and ETFs typically hold 20% to 25% of a stock’s market capitalization, suggesting that inclusion in the Russell 1000 could further boost expectations of passive capital inflows.