Bitmine

5 months agoNews Editor

Bitmine Boosts ETH Holdings to 5.7 Million, Nears Tom Lee's 5% Target, Joins Russell 1000 Index

Bitmine has increased its Ethereum holdings to 5.7 million ETH (4.7% of total supply), approaching Tom Lee's 5% target. The company's inclusion in the Russell 1000 Index is expected to attract significant passive institutional capital. Despite the news, ETH dropped 8% and BMNR shares fell 13% weekly, down over 90% from the year's high. Annualized staking rewards are estimated at $246 million.

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Bitmine

5 months agoNews Editor

Bitmine Holds 5.7M ETH, Nears Tom Lee's 5% Target, Joins Russell 1000 Index

Bitmine (BMNR) raised its Ethereum holdings to 5.7 million ETH (4.7% of supply), just short of analyst Tom Lee's 5% target. The company's inclusion in the Russell 1000 Index is expected to attract significant passive institutional inflows. Meanwhile, ETH price dropped 8% and BMNR shares fell 13% weekly, down over 90% from their 2026 highs. Annual staking income is estimated at $246 million.

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Bitmine

5 months agoNews Editor

Bitmine Increases ETH Holdings to 5.7 Million, Nears Tom Lee’s 5% Target; Added to Russell 1000 Index

Bitmine has increased its Ethereum holdings to 5.7 million ETH, representing 4.7% of total supply, approaching the 5% target set by Tom Lee. The company was also added to the Russell 1000 Index, which could attract significant passive institutional capital. However, ETH price fell 8% over the week, while BMNR shares dropped 13% weekly and are down over 90% from their yearly high. Staked ETH is expected to generate $246 million in annualized yield.

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BitMine

5 months agoNews Editor

BitMine Accumulates 27,084 ETH in One Week, Total Holdings Exceed 5.7 Million ETH (4.7% of Supply)

BitMine purchased 27,084 ETH last week, bringing its total holdings to 5,700,040 ETH (approximately 4.7% of Ethereum's total supply), with 85% staked. The firm's total asset value is around $9.8 billion, including $555 million in cash and securities, 206 BTC, and equity positions in Beast Industries and Eightco Holdings. BitMine was added to the Russell 1000 Index on June 26, which is expected to attract hundreds to thousands of new institutional investors. Despite an 8% ETH price drop this week, Tom Lee emphasizes that long-term drivers (Wall Street on-chain infrastructure and agentic AI payment systems) remain intact.

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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.

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Bit.Fan