BitMine’s $126M Ethereum buy sets up a Russell index test tied to $12.2T in assets

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)