Tom Lee Says Bitmine Could Be Included on Russell 1000 Index
Cointelegraph
Bitmine Immersion Technologies may join the Russell 1000 index, potentially boosting its stock through passive fund investment.Summary
Bitmine Immersion Technologies has been identified as a candidate for the Russell 3000 index, with Chairman Tom Lee suggesting the firm could qualify for the more exclusive Russell 1000. Inclusion in the Russell 1000 would be significant because many institutional investors and passive funds track this index, potentially triggering automatic buying. Despite a year-to-date stock decline of over 30%, the company continues to aggressively accumulate Ether, aiming to hold 5% of the total circulating supply.
(Source：Cointelegraph)