Sharplink Gaming, Inc., a Nasdaq-listed company, will be officially included in the Russell 2000 Index and the Russell 3000 Index on June 29, 2026, as reported by the company itself on May 26, 2026.
The inclusion follows preliminary publication of changes by FTSE Russell, which manages these US stock indexes.
SharpLink currently holds 863,021 Ether (ETH) in corporate reserves. Solidifying its position as the second public treasury of Ethereum cryptocurrency after Bitmineas reported by CriptoNoticias.
At Ether’s current price of nearly $2,083, these reserves are worth about $1.8 billion.
Joseph Chalom, co-CEO of Sharplink, said the entry into these indexes marks “an important validation of the company’s institutional ETH financial strategy.”
russell 2000 is one of the leading small- and medium-sized company stock indexes in the United States. Small-capitalization companies within the U.S. market cluster, followed by index funds, exchange-traded funds (ETFs), and institutional investors.
The Russell 3000 groups the 3,000 largest publicly traded companies in the United States and serves as a broad gauge of the North American stock market.
According to FTSE Russell: $12.2 trillion in assets use these indexes as benchmarks for investment strategies and passive funds.
This means that Sharplink’s entry could increase institutional investor awareness and automatically generate demand for the stock from funds that track these indexes.
Despite this content, The company shows related unrealized losses related to the recent ETH price declineas seen in the following graph.
blue bar corresponding to Sharplink shows unrealized losses of nearly $1.2 billion It is related to the recent drop in Ether prices. The company is currently believed to have the second-highest unrealized losses in the sector, after Bitmine.
An unrealized loss is a decline in value that has not yet resulted in a substantial loss because the asset remains in the company’s possession and has not been sold.
SharpLink uses a similar model to that popularized by Strategy for Bitcoin (BTC), but with a focus on ETH. Using public companies as a means to accumulate digital assets.
According to Chalom, Ethereum is “at the center of four structural trends that are transforming finance.” These are stablecoins, tokenization, on-chain finance, and the so-called artificial intelligence (AI) agent economy.
Still, this incident once again reflects the strong dependence of these companies on the price of Ether. Although participation in the Russell 2000 increases Sharplink’s exposure to institutional investors, the value of its balance sheet remains highly dependent on ETH volatility.
