BitMine adds 60,000 ETH for $126M as Russell 1000 inclusion looms — $12.2T in benchmarked assets in play!

BitMine has purchased an additional 60,000 ETH worth approximately $126 million, executed through BitGo and Kraken, lifting its total Ethereum holdings to more than 5.2 million ETH valued at roughly $11.1 billion. The buy came as ETH traded near $2,000 — about 60% below its August 2025 record high of $4,953 — and follows Chairman Thomas Lee's public framing of the pullback as an attractive accumulation window ahead of a potential recovery.

The purchase coincides with BitMine's appearance on FTSE Russell's preliminary reconstitution list for the 2026 Russell 3000 Index, with Lee suggesting the company's market cap could land it in the Russell 1000 large-cap segment. That distinction matters: roughly $12.2 trillion in assets are benchmarked against Russell US Indexes, and index inclusion forces passive funds and ETFs to take positions, structurally expanding the shareholder base.