NewsHK
The institutional push to accumulate Ethereum as a treasury asset has moved the sector-wide conversation from experiment to benchmark.
Bitmine Immersion Technologies (BMNR) disclosed in its July Chairman's Message that it holds 4.8% of $ETH's total circulating supply of 120.7 million coins, reaching 96% of its self-set "Alchemy of 5%" target in roughly twelve months.
Index inclusion and a second listed instrument Bitmine's addition to the Russell 1000 Large-cap index on June 26, 2026 extended the stock's reach into the passive fund universe.
For a company whose balance sheet is built around a single digital asset, index membership translates into demand from benchmark-tracking funds, a buying channel that runs independently of crypto-market sentiment.
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