BitMine Lands on Russell 1000 Preliminary Inclusion List — Passive Fund Buying Could Follow!

BitMine (BMNR) has appeared on FTSE Russell's preliminary inclusion list for the large-cap Russell 1000 index, according to a post on X by BitMine Chairman Thomas Lee. The company's market cap has cleared the $5.7 billion minimum threshold required for large-cap inclusion, a meaningful milestone for a crypto-adjacent name.

Lee highlighted two structural tailwinds that come with Russell 1000 membership: many active managers operate under mandates that restrict them to index constituents, effectively unlocking a new buyer base. On the passive side, index funds and ETFs are estimated to mechanically absorb 20% to 25% of a stock's market cap upon inclusion — a forced-buying dynamic that has historically produced sustained price support in the weeks around rebalance dates.

The preliminary list is not final, but inclusion at this stage is a strong signal.