Tom Lee: Bitmine may be included in the Russell 1000 Index, expectations for passive capital allocation rise

Odaily Planet Daily News Bitmine Chairman Tom Lee posted on platform X that FTSE Russell has announced the preliminary list of index inclusions and deletions. BitMine Immersion Technologies (stock code: BMNR) has been included in the list of companies expected to be included in the large-cap Russell 1000 Index.

Tom Lee pointed out that Bitmine's current market capitalization has exceeded the Russell 1000 large-cap inclusion threshold of $5.7 billion. Since many active fund managers only invest in Russell 1000 constituent stocks, if it is formally included in the index, BMNR may attract more institutional capital attention.

In addition, the market generally expects that approximately 20% to 25% of a stock's market capitalization is typically held by passive index funds and ETFs, meaning that eligibility for Russell 1000 inclusion may further boost related passive capital inflow expectations.