Bitmine to Join Russell 1000 as Annual Staking Revenue Nears $233 Million
JOON HYOUNG LEE
Summary
- Bitmine, the world’s largest corporate holder of Ether, said it is scheduled to join the Russell 1000 index on June 26.
- Bitmine said it held 5.673 million Ether and $600 million in cash and securities as of June 22.
- Bitmine said it has staked about 4.88 million Ether, or 86% of its total reserves, and annual staking revenue of $233 million is projected.
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Bitmine, the world’s largest corporate holder of Ether, will join the Russell 1000 index.
The company announced on its official X account on June 24 that it is scheduled to be added to the Russell 1000 on June 26. The index tracks the 1,000 largest US stocks by market capitalization.
Bitmine also disclosed its Ether holdings. As of June 22, the company held 5.673 million Ether and had $600 million in cash and securities.
Bitmine has staked about 4.88 million Ether, equal to 86% of its total Ether reserves. Annual staking revenue is projected to come in at about $233 million.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul