Bitmine

5 months agoNews Editor

Bitmine Boosts ETH Holdings to 5.7M Coins, Nears Tom Lee's 5% Target; Added to Russell 1000 Index

Bitmine increased its Ethereum holdings to 5.7 million ETH, representing 4.7% of total supply, approaching Tom Lee's 5% target. The company was added to the Russell 1000 Index, potentially attracting passive institutional capital. Meanwhile, ETH price dropped 8%, BMNR shares fell 13% weekly and are down over 90% from yearly highs. Bitmine's staked ETH is estimated to generate $246 million annually.

1560

SpaceX

5 months agoNews Editor

SpaceX to Join Nasdaq 100 Index: $4.3 Billion Passive Inflow Expected Amid Valuation Debate

Nasdaq confirms SpaceX (SPCX) will be added to the Nasdaq 100 Index on July 7, 2026, just weeks after its June 12 listing. JPMorgan estimates the inclusion could drive $4.3 billion in passive inflows. Despite a $4.9 billion net loss last year and valuation concerns from Morningstar, the market remains optimistic. S&P Global has declined to adjust its criteria and will consider adding SpaceX to the S&P 500 only after 12 months.

2200

SpaceX

5 months agoNews Editor

SpaceX to Join Nasdaq 100 on July 7, Expected to Drive $4.3 Billion in Passive Inflows

Nasdaq confirmed that SpaceX (ticker SPCX) will be added to the Nasdaq 100 Index on July 7, 2026, potentially bringing in about $4.3 billion in passive fund inflows from index-tracking ETFs like QQQ and QQQM. SpaceX went public on June 12 and is being fast-tracked despite a $4.9 billion net loss last year, thanks to relaxed listing requirements. Morningstar and some fund managers question its valuation. Meanwhile, OpenAI and Anthropic are expected to file IPOs this year or next, seeking valuations above $1 trillion. S&P Global said it will not consider SpaceX for the S&P 500 for at least 12 months.

2050

BitMine

5 months agoNews Editor

BitMine Inducted into Russell 1000 Index: Crypto Treasury Company Gains Mainstream Milestone

BitMine, a publicly traded company holding a substantial Ethereum treasury, announced via Twitter its inclusion in the Russell 1000 Index, effective today. This marks a significant validation for crypto-native enterprises in traditional equity markets, likely attracting passive fund inflows and reinforcing the treasury model.

850

Bit.Fan