1.1M @coinbureau 🚨HUGE: TOM LEE SAYS BITMINE IMMERSION MAY SOON ENTER RUSSELL 1000
$BMNR will qualify for the large cap Russell 1000 index says Chairman Tom Lee.
The potential inclusion is fueling expectations of major passive fund inflows, as index funds and ETFs often accumulate 20–25% of a company’s market capitalization following entry into major benchmarks.
192
25
16.5K
177.5K @wublockchain12 Wu said he learned that BitMine chairman Thomas Lee tweeted that FTSE Russell has released a preliminary inclusion and exclusion list, with BitMine (BMNR) appearing on the large-cap Russell 1000 preliminary inclusion list, its market cap exceeding the $5.7 billion minimum threshold required for large-cap inclusion. Thomas Lee noted that many actively managed funds only buy Russell 1000 constituents, and it is estimated that 20% to 25% of a single stock’s market cap is typically held by passive index funds or ETFs. https://t.co/CROSpCSOJI
3
1
2.5K
6.8K @FigoETH 
608.9K @fundstrat This is great to see Bitmine on the preliminary list for Russell 3000 inclusion
- because of the size of @BitMNR market cap
- $BMNR would be added to the large-cap Russell 1000 (not Russell 2000)
904
51
176.3K