BitMine Added to Preliminary Russell 1000 Candidate List

BlockBeats reported on May 23 that Tom Lee, chairman of BitMine and head of what he described as the largest Ethereum treasury, welcomed news that BitMine (BMNR) has been included on the preliminary candidate list for the Russell 1000 large-cap index. Lee noted that BMNR's market capitalization has cleared the index's minimum inclusion threshold of $5.7 billion. He also highlighted that many active managers restrict investments to Russell 1000 constituents, and that passive index funds and ETFs are estimated to hold roughly 20–25% of the aggregate market value of companies in the index.