BitMine (BMNR), known for holding Ethereum's largest treasury, has been added to the preliminary candidate list for the Russell 1000 Index. Chairman Tom Lee announced the development on May 23, highlighting that BMNR's market capitalization has surpassed the $5.7 billion threshold required for inclusion in the large-cap index. The Russell 1000 Index is significant as many active fund managers focus their investments on its constituents, and passive index funds or ETFs hold approximately 20–25% of its total market capitalization.
BitMine Joins Preliminary List for Russell 1000 Index Inclusion
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