Tom Lee: BitMine has been added to the preliminary list of candidates for the Russell 1000 Index

BlockBeats News, May 23rd. Tom Lee, Chairman of BitMine, Ethereum's largest treasury, expressed his excitement that BitMine (BMNR) has been included in the preliminary candidate list for the Russell 1000 Index. BMNR's market cap has surpassed the minimum threshold of $5.7 billion for inclusion in the large-cap index. It is worth noting that many active fund managers only invest in Russell 1000 Index components, with an estimated 20-25% of the total market cap of the components held by passive index funds or ETFs.