BitMine is listed on the preliminary inclusion list for the Russell 1000 and may see a $21.5 billion buying spree.

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BlockBeats News, May 25th, BitMine Chairman Tom Lee tweeted that FTSE Russell has released the preliminary list of additions and deletions. BitMine (BMNR) is listed on the large-cap Russell 1000 preliminary inclusion list, with a market capitalization exceeding the $5.7 billion minimum threshold for large-cap inclusion.

Tom Lee stated that many actively managed funds only buy Russell 1000 component stocks, with 20% to 25% of a single stock's market value typically held by passive index funds or ETFs.

Based on BitMine's current $10.75 billion market capitalization, if successfully included, BitMine will receive at least $2.15 billion in buying pressure.

Sumber: BlockBeats

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