Tom Lee, Fundstrat’s Tom Lee, reports that BitMine Immersion Technologies appears on the list of candidates for inclusion in Russell 1000.
You can read more about it here:
- BitMine has been included in the Russell 1000 list. This is a positive sign for Ethereum treasury shares linked to BMNR.
- Crypto.news recently reported that BitMine has 5.28 millions ETH, after adding 71.672 tokens within a week.
- FTSE Russell has confirmed that the reconstituted indices are effective after June 26, 2026, officially.
BMNR, one of Ethereum’s largest public treasury companies, has attracted attention to the move.
Lee stated that FTSE Russell released its preliminary index updates and deletions May 23. BitMine, he said, had a market value that was higher than the minimum of $5.7 billion for inclusion in large-cap indexes. Current market data places BMNR’s market capitalization near $8.58 billion.
BitMine joins Russell 1000 Watch
FTSE Russell has begun its semi-annual Russell U.S. Indexes by 2026. publishing Preliminary lists of companies that are expected to be added or removed from the Russell 3000 Index and Russell Microcap Index. After the close of U.S. stock markets on Friday, June 26, these changes will be implemented.
This year, the Russell 1000 cutoff was also raised. LSEG data indicates that the smallest Russell 1000 firm had a $5.7 billion market cap as of April 30th 2026.
Lee noted that most active managers purchase only Russell 1000 stocks. He said index funds and exchange-traded funds (ETFs) that hold passive stocks often represent 20% to 25 percent of the total market value.
BMNR risk can be increased by passive investments
The inclusion of Russell indexes can be important because funds who track Russell may have to change their holdings once the reconstitution is final. FTSE Russell stated that preliminary lists will be updated throughout May and June, before the new indexes are implemented after market closing on June 26.
This timeline is a reason to keep an eye on BMNR through the reconstitution period. It is not just an event on the stock exchange. The listing also draws attention to BitMine’s Ethereum-heavy financial statement.
Crypto Banter presented the set-up as possible. “hated rally” Ethereum’s sentiment remains low. This comment is referring to a situation where the market has a high level of bearishness, yet positioning and forced flows could still lead to a recovery.
BitMine has 5,28,000,000 Ethereum
Crypto.news reported BitMine has added 71 672 ETH to its portfolio in just one week. This brings the total amount of ETH held by BitMine up to 5,28 million. This position represented approximately 4.37% (or about $4.37 billion) of Ethereum’s total supply when the report was published.
In the same report, BitMine reported that it had staked 4,71 million ETH. This would have generated an estimated staking income of $289 millions annually. The company continues to invest in ETH, even though the market is trading below strong resistance levels.
While Ethereum continues to face pressure, including from ETF outflows and questions about the size of ETH treasury holdings, this Russell update is a welcome addition. Crypto.news reported The ETH struggled to reclaim the $2,150, while the leverage clusters were near $2,000 or $2,150.
The bull case is still based on the network’s activity. Arbitrum’s transparency report for 2025 showed Over 2.1 billion transactions in total, with about $20 billion locked in value, plus nearly $10 billion stablecoins.
Vitalik Buterin’s recent comments added to the Ethereum Treasure debate. Crypto.news reported Buterin said Ethereum will focus remaining resources, including fewer ETH, on privacy, security and protocol goals.
Buterin added that his foundation held only 0.16% of the ETH supply while he still holds nearly 90% in ETH.
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Source: crypto.news
