SKN | Bitmine Expands Ether Holdings to 5.7 Million ETH After Joining Russell 1000

• Bitmine acquired approximately $43 million worth of Ether last week, increasing its holdings to more than 5.7 million ETH.

• The company now controls approximately 4.7% of Ethereum’s circulating supply, moving closer to its goal of owning 5%.

• Bitmine was officially added to the Russell 1000 Index, potentially increasing institutional ownership through index-tracking funds.

• Despite Ethereum’s recent price decline, Bitmine remains committed to its long-term accumulation strategy.

Bitmine Continues Aggressive Ether Accumulation

Bitmine Immersion Technologies expanded its position as the world’s largest publicly traded corporate holder of Ether after purchasing approximately $43 million worth of ETH during the past week.

Following the latest acquisition, the company now holds more than 5.7 million Ether at an average purchase price of approximately $1,569 per token. The holdings represent roughly 4.7% of Ethereum’s circulating supply, bringing Bitmine closer to its stated objective of controlling 5% of all ETH in circulation.

Russell 1000 Inclusion Boosts Institutional Exposure

Bitmine also reached a significant corporate milestone after being added to the Russell 1000 Index, which tracks the largest publicly traded companies in the United States.

Inclusion in the widely followed benchmark is expected to increase institutional ownership as mutual funds, exchange-traded funds (ETFs), pension funds and other passive investment vehicles that track the Russell 1000 purchase shares of newly added companies.

Bitmine Chairman Tom Lee said the index inclusion could introduce hundreds or even thousands of additional institutional investors to the company’s shareholder base.

Ethereum Developments Continue Despite Market Weakness

Although Ether declined approximately 8% during the week, Lee noted that Ethereum continued to experience meaningful ecosystem progress. Among the notable developments were the launch of Ethlabs, a new Ethereum-focused research initiative, and indications that the Bank of England had adopted a more accommodating stance toward stablecoins.

Lee suggested that recent selling pressure may also reflect quarter-end portfolio adjustments rather than a deterioration in Ethereum’s long-term fundamentals.

Ether Treasury Competition Intensifies

Bitmine’s continued accumulation comes as publicly traded companies increasingly adopt Ether treasury strategies. Several crypto-focused firms, including SharpLink, Forward Industries, Gemini and Galaxy Digital, have also expanded their institutional presence, with multiple companies recently joining the Russell 3000 Index.

Despite recent market volatility, Bitmine continues to position Ethereum as a long-term strategic reserve asset while strengthening its visibility among institutional investors through major equity market benchmarks.

Outlook

Bitmine’s latest Ether purchase and inclusion in the Russell 1000 reinforce the growing convergence between digital assets and traditional financial markets. While Ether prices remain under pressure, the company’s continued accumulation strategy and broader institutional recognition suggest confidence in Ethereum’s long-term role within blockchain infrastructure, tokenization and decentralized finance.