BMNR Joins the Russell 1000
BitMine Immersion Technologies (BMNR) is set to join the Russell 1000 today as part of the index’s annual reconstitution. The change becomes effective after the market closes, meaning index funds that track the Russell 1000 may need to purchase BMNR shares around today’s closing auction. While inclusion is a meaningful milestone that could increase institutional ownership, liquidity and visibility, it does not guarantee an immediate rise in the share price. Broader weakness in Ethereum and crypto-related stocks may still outweigh index-related buying in the short term.
BMNR is trading slightly up today but it's down about 51% year to date
