ON JUNE 26, A WAVE OF FORCED BUYING IS COMING FOR TOM LEE'S BITMINE
$BMNR
While everyone watches the Ethereum selloff, a structural catalyst nobody's pricing in arrives in two weeks.
BitMine is set to join the Russell 1000 on June 26, clearing the index's $5.7B cutoff with a $10.7B market cap.
Here's why that matters:
Hundreds of index funds and ETFs are built to mirror the Russell 1000. The moment BMNR joins, they have to buy it. No opinion, no timing, just automatic demand.
Tom Lee estimates passive funds typically hold 20-25% of a member's market cap. On a $10.7B company, that's a multi-billion dollar wave of buying.
And it lands on a firm holding 4.3% of all
$ETH.