BitMine Immersion Technologies meets the $5.7 billion threshold for large-cap index inclusion, pending final FTSE Russell decision.
BitMine Immersion Technologies (BMNR) is under consideration for inclusion in the Russell 1000 index, which tracks the 1,000 largest U.S. public companies by market capitalization. The company’s market value stands at $8.58 billion, exceeding the $5.7 billion minimum required for large-cap inclusion.
FTSE Russell published preliminary additions and deletions on May 23, with final changes set to take effect after U.S. markets close on June 26. Inclusion could drive demand from ETFs and mutual funds tracking the index, which hold an estimated 20% to 25% of a company’s market cap.
BMNR, the largest corporate holder of Ethereum (ETH), has not yet received final confirmation. The index update will be finalized in June before implementation.