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Tom Lee’s BitMine to Join Russell 1000 as Ethereum Staking Reaches 4.88 Million ETH
Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.
BitMine said its shares (BMNR) will be added to the Russell 1000 Index on June 26. The company, which describes itself as the largest Ethereum treasury company, said it held 5.673 million ETH as of June 22, along with $601 million in cash and marketable securities and no debt. Separately, on-chain data showed BitMine staked an additional 160,480 ETH, bringing its total staked holdings to 4.88 million ETH, or about 86% of its Ethereum reserves. Investors will watch the index inclusion and future staking activity.
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