Bitmine Increases ETH Holdings to 5.7M, Nearing 5% Target; Added to Russell 1000 Index

News Editor

2026-06-30 23:01:32

Bitmine expands ETH holdings to 5.7 million (4.7% of total supply), approaching Tom Lee's 5% target. Inclusion in the Russell 1000 Index is expected to attract passive institutional capital. However, ETH price fell 8% during the period, and BMNR shares dropped 13% weekly, down over 90% from their 2026 highs. Staking yields are projected at $246 million annually.

BitmineEthereumETHRussell 1000institutional capitalTom Leestaking yield

Bitmine Increases ETH Holdings

Bitmine has further increased its Ethereum holdings to 5.7 million ETH, representing 4.7% of the total supply, inching closer to the 5% target set by renowned analyst Tom Lee. The move underscores growing institutional conviction in Ethereum's long-term value.

Russell 1000 Inclusion to Drive Passive Inflows

Bitmine's inclusion in the Russell 1000 Index is expected to generate significant passive institutional buying of BMNR shares. Index funds and ETFs tracking the benchmark will add the stock, potentially supporting its price.

Market Reaction: ETH and BMNR Under Pressure

Despite the positive fundamentals, ETH price declined 8% over the same period, and BMNR shares dropped 13% in the week, now down more than 90% from their 2026 highs. The company earns an estimated $246 million in annual staking yield from its ETH holdings, though near-term market sentiment remains bearish.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.

300

Disclaimer:

The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.

Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.