Bitmine ETH treasury hits 5.7M as BMNR joins Russell 1000
Tom Lee's Bitmine now holds 94% of its 5%-of-Ethereum-supply target after another 27K-ETH weekly buy, and its Russell 1000 inclusion could pull passive flows from a far larger investor base.
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Tom Lee's Bitmine now holds 94% of its 5%-of-Ethereum-supply target after another 27K-ETH weekly buy, and its Russell 1000 inclusion could pull passive flows from a far larger investor base.
Index inclusion on June 26 lands the largest ETH treasury company inside the benchmark US equity flow that institutional allocators track, with 86% of its 5.67M ETH already staked.
Index-eligible status means passive funds and active managers restricted to Russell 1000 names will be forced buyers of BMNR at reconstitution, a structural bid layer the stock lacked a week ago.