Bitmine Increases Ethereum Holdings to 5.7M ETH, Joins Russell 1000

Bitmine increased its on‑balance Ethereum holdings to 5.7 million ETH this week, reporting the updated total as Ether's market price declined over the same period.

The company said it acquired additional Ether but did not disclose the timing of purchases, the average purchase price or whether acquisitions occurred on public exchanges or through over‑the‑counter trades.

Bitmine also disclosed that it will be included in the Russell 1000 after the index's annual reconstitution, placing the firm among the 1,000 largest U.S. companies by market capitalization. The inclusion follows the index's publication of its updated membership list.

The information appeared in the company's latest regulatory filings and shareholder communications, which noted the ETH balance and confirmed the Russell 1000 addition without providing further strategic detail.

The disclosure did not break down how much of Bitmine's assets are allocated to Ethereum versus other digital assets or cash. The filings list the reported ETH amount and include any accompanying notes on valuation and custodial arrangements.

Ether is the second‑largest cryptocurrency by market capitalization. Movements in Ether's market price directly change the fiat value of token holdings reported by corporate holders such as Bitmine.