Institutional buying is coming. Bitmine's wave of Russell 1000 inclusion expectations is definitely worth paying attention to. An ETH holding of $8.1 billion is no joke.

CryptoWorld News reports that Tom Lee emphasizes that Bitmine is expected to qualify for the upcoming Russell 1000 index rebalancing, which is anticipated to boost its stock demand. Bitmine currently holds approximately 4,718,677 Ethereum, valued at about $8.1 billion, making it the world's largest Ethereum treasury company. Lee stated that if Bitmine is included in the Russell 1000, it will attract more institutional investment. Bitmine's BMNR stock has remained above $16 in recent trading, with the latest trading price at $16.54. Meanwhile, Bitmine's newly listed BMNP preferred stock began trading on the New York Stock Exchange on June 16, with an issue price of $80, which is expected to provide the company with additional funds to purchase Ethereum.