BMNR (BMNR)

NEW: Tom Lee's BitMine $BMNR buys 27,084 $ETH worth $43 million. Despite over $10 billion in unrealized losses, they are not stopping. Real conviction. https://t.co/KjgT0iDJ4E

$bmnr BitMine holding 1.7 million shares by Chairman Kim Seung-ho Mostly bought above $40, as evidenced by purchase confirmations Roughly calculated at an average price of $40 Total purchases of 104.7 billion KRW Current price $13, valued at 34.0 billion KRW Estimated loss about 70.0 billion KRW, -67.5% This calculation is inferred from the records the person has confirmed Anyway, a huge loss, shocking After this loss, he has been living off his own hustle with his nephew on X

Two publicly listed companies related to Ethereum (ETH)—Sharplink SBET and BitMine BMNR—will be formally added to the U.S. Russell indices on June 29 2026 (U.S. market open). Current status: SBET (Sharplink) has been confirmed for inclusion in the Russell 2000 (small‑cap index) and the Russell 3000. BMNR (BitMine) is on a preliminary list, with a strong chance of joining the Russell 3000 and a sizable probability of entering the Russell 1000 (large‑cap index). How to understand this? Imagine the United States has a massive passive‑investment “automatic shopping system”—such as passive index funds, ETFs, pension funds, 401(k) plans, etc. These investors do not pick stocks themselves; they automatically buy each company in the Russell index in proportion to its weight in the index. Adding SBET and BMNR to the list is equivalent to: Opening the “tap of passive capital” for SBET and BMNR, allowing millions of ordinary investors who do not trade crypto or understand Ethereum to automatically hold these stocks, thus routing Ethereum opportunities into the mainstream channels of traditional finance. Specifically, Globally, the amount of capital tracking the Russell 2000 and Russell 3000 is enormous (trillions of dollars). Once formally included, these funds must purchase the corresponding stocks to match the index. Previously, only investors actively researching crypto would buy these stocks. Now that they are in the index, mainstream investors who are “too lazy to pick stocks, only buy index funds” (including many retail investors and institutions) will have their money automatically flow to SBET and BMNR. This naturally inserts Ethereum‑related investment opportunities into the mainstream portfolios of traditional U.S. finance. Purchases by passive funds create real demand, especially around the inclusion date, often providing short‑term price support (the so‑called “index inclusion effect”). In the long run, it will also increase the stock’s liquidity and institutional ownership percentage (many mature companies have passive ownership levels of 20‑25% or more). It should be noted that passive funds buy the stocks of SBET and BMNR, not ETH itself. The funds must buy these two stocks to match the index and will not directly purchase ETH on exchanges; however, this indirectly encourages the companies to acquire more ETH.