Bitmine Immersion Technologies, trading as BMNR on the NYSE, has met the eligibility criteria for inclusion in the Russell 1000 Index. The addition is expected to take effect on June 26, 2026, following a preliminary list publication in May 2026.
What Bitmine actually is, and why the Russell 1000 matters
The company holds approximately 5.67 million ETH, which represents roughly 4.7% of the total Ethereum supply. Combined with cash and other assets, its total holdings clock in at approximately $10.7 billion.
The Russell 1000 Index tracks the largest 1,000 US-listed companies by market capitalization. It serves as a benchmark for large-cap investing, and more importantly, it’s the reference index for a massive ecosystem of passive funds, ETFs, and institutional portfolios that automatically buy whatever the index tells them to buy.
Chairman Tom Lee indicated that the resulting inflows from index trackers could reach into the billions.
