BitMine Listed in Russell 1000 Preliminary Inclusion, Expected to Attract $2.15 Billion in Buy Orders

KuCoinFlash

Release Time: 05/25/2026 02:13:34

Summary

BitMine (BMNR) has entered the preliminary Russell 1000 index with a $10.75 billion market cap, exceeding the $5.7 billion threshold. The company’s chairman, Tom Lee, estimates that inclusion could attract $2.15 billion in passive fund inflows. With a favorable risk-to-reward profile, this development may draw value-oriented investment into crypto strategies. ETFs and index funds are expected to account for the majority of purchasing activity.

BlockBeats news, on May 25, Tom Lee, Chairman of BitMine, tweeted that FTSE Russell has released its preliminary list of additions and deletions; BitMine (BMNR) is included on the preliminary list for the Russell 1000 large-cap index, with a market capitalization exceeding the $5.7 billion minimum threshold required for large-cap inclusion.

Tom Lee said that many actively managed funds only buy stocks in the Russell 1000, and typically 20% to 25% of a single stock's market capitalization is held by passive index funds or ETFs.

Based on BitMine's current market capitalization of $10.75 billion, a successful inclusion would bring at least $2.15 billion in buying pressure to BitMine.

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