BitMine Could Enter Russell 3000 Index With Ethereum Treasury
BeInCrypto
BitMine Immersion Technologies is poised for Russell 3000 inclusion despite holding significant unrealized losses from its massive Ethereum treasury strategy.Summary
BitMine Immersion Technologies, chaired by Tom Lee, is on the preliminary list for inclusion in the Russell 3000 Index as of June 2026. The company has shifted its focus from Bitcoin mining to becoming a major corporate Ethereum holder, currently managing over 5 million ETH. Despite holding a significant portion of its assets in staking platforms, the company faces over $7 billion in unrealized losses due to a high average entry price. Meanwhile, Michael Saylor’s Strategy has indicated potential flexibility in its 'never sell' Bitcoin policy, suggesting possible future sales to manage financial obligations like dividends.
(Source：BeInCrypto)