The move may draw institutional demand as funds tied to the benchmark buy the stock, even with shares still down 93% from their July 2025 high.
BitMNR has joined the Russell 1000 Index, a benchmark widely followed by institutional investors, a shift expected to trigger buying from ETFs that track the index and must add BMNR to their portfolios. The company holds 5.67M ETH and $601M in cash. Even so, its shares remain down 93% from their July 2025 high, underscoring the gap between its balance-sheet position and stock-market performance.