BitMine Named to Russell 3000 Index Preliminary List

BitMine Immersion Technologies, a company that has transformed into the world’s largest corporate holder of Ethereum, has been named to the preliminary list for the 2026 Russell 3000 Index, a move that could funnel billions of dollars in passive investment capital into its stock. The announcement from FTSE Russell on May 22 positions the firm, which trades under the ticker BMNR, for potential inclusion in the large-cap Russell 1000 Index, a benchmark tied to approximately $12.2 trillion in assets.

The index inclusion comes as BitMine continues an aggressive accumulation strategy, purchasing an additional 60,000 Ether, worth about $126 million, in a single 24-hour window. The purchase, executed through BitGo and Kraken, brings the company’s total Ethereum holdings to more than 5.3 million ETH, representing over 4% of the total supply of the second-largest digital asset. The firm has been buying into a price downturn, with Ether trading near $2,044, roughly 60% below its August 2025 record high of $4,953.

BitMine Chairman Tom Lee has described the recent price dip below $2,200 as an attractive entry point. The company has signaled that it is targeting a holding of 6 million ETH....