BitMine’s $126M Ethereum buy sets up a Russell index test tied to $12.2T in assets
BitMine has purchased $126 million in Ethereum while positioning itself for potential inclusion in the Russell index family.Summary
BitMine has expanded its corporate Ethereum holdings by purchasing an additional 60,000 ETH, bringing its total to over 5.2 million tokens valued at approximately $11.1 billion. Despite recent market volatility, Chairman Thomas Lee remains bullish, viewing the current price levels as an attractive accumulation opportunity. The firm distinguishes its treasury strategy by leveraging Ethereum’s proof-of-stake model through its MAVAN platform to generate yield.
Simultaneously, BitMine has been named to the preliminary list for the 2026 Russell 3000 Index, with hopes of securing a spot in the large-cap Russell 1000. This inclusion is a significant milestone, as it could attract passive and active investment capital from the $12.2 trillion in assets currently benchmarked against Russell indexes. BitMine’s strategy reflects a growing trend of crypto-centric firms entering mainstream equity benchmarks, similar to the path taken by companies like MicroStrategy.
(Source：CryptoSlate)