Bitmine Named to Preliminary 2026 Russell 3000 Index List
According to preliminary FTSE Russell data and company comments, BitMine expanded its Ethereum treasury with a $126 million ETH purchase while seeking final Russell index inclusion that could broaden institutional ownership.
BitMine added 60,000 ETH worth about $126 million, lifting its holdings to more than 5.2 million ETH valued at roughly $11.1 billion, according to the report. The purchase, reported by EmberCN as having been executed through BitGo and Kraken, came after BitMine was named to the preliminary 2026 Russell 3000 Index list, with Chairman Thomas Lee saying its market capitalization could place BMNR in the Russell 1000 rather than the Russell 2000. FTSE Russell released preliminary reconstitution data on May 22 and final index composition is scheduled to take effect at the end of June. The report says about $12.2 trillion in assets are benchmarked to Russell US Indexes, making potential inclusion important for passive and active fund ownership. BitMine has also staked more than $10 billion of its Ethereum holdings through its MAVAN platform, positioning its treasury strategy around both ETH exposure and staking yield.
- Ethereum: A blockchain network whose native asset is ETH, used for transactions, smart contracts, and staking in its proof-of-stake system.
- Russell 1000: The large-cap segment of the Russell index family, covering the biggest U.S. companies within the broader Russell 3000 universe.
- staking: The process of locking eligible crypto assets to help secure a proof-of-stake blockchain and earn rewards in return.