SharpLink has achieved a significant milestone by being added to the Russell 2000 and Russell 3000 indexes, reflecting the company’s growing emphasis on Ethereum-based treasury strategies. This inclusion, set to take effect on June 29, 2026, places SharpLink among small-cap and broad-market U.S. equities that are commonly tracked by institutional funds and exchange-traded products.
The Nasdaq-listed firm, trading under the ticker SBET, will see automatic share purchases from index-tracking funds once the reconstitution is complete. CEO Joseph Shalom highlighted that this recognition validates SharpLink’s Ethereum treasury approach and could boost shareholder engagement. The company, which rebranded from SharpLink Gaming in February 2026, has shifted its focus from sports betting to digital asset services and treasury management.
SharpLink reported $12.1 million in revenue for the first quarter of 2026, a sharp increase from $0.7 million in the same period last year. However, the company also posted a net loss of $685.6 million, primarily due to non-cash impairments and unrealized losses from its substantial Ethereum holdings. With over 872,000 ETH equivalent in its treasury, SharpLink’s financial performance remains closely tied to Ethereum’s price volatility.
In addition to its index inclusion, SharpLink has partnered with Galaxy Digital to propose the Galaxy SharpLink Onchain Yield Fund, a $125 million initiative aimed at deploying staked Ethereum into decentralized finance strategies. Under this non-binding agreement, SharpLink would contribute $100 million from its staked ETH, while Galaxy would add $25 million. If finalized, the fund could become one of the largest institutional DeFi yield vehicles tied to a public company, with Galaxy serving as the investment manager.