Tom Lee: Bitmine Expected to Be Included in the Russell 1000 Large-Cap Index

Golden Finance reported on May 23 that Tom Lee, Chairman of Ethereum's largest treasury BitMine, stated that FTSE Russell has released its preliminary inclusion and exclusion list for index constituents. - Bitmine has been listed on the preliminary list and is expected to be included in the large-cap index—Russell 1000. - BMNR's market capitalization has already exceeded the minimum threshold required for inclusion in the large-cap index ($5.7 billion). - Many active fund managers only invest in Russell 1000 index constituents. Additionally, it is estimated that 20% to 25% of a stock's market capitalization is typically held by passive index funds or ETFs.