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Sharplink to join Russell 2000/3000 indexes despite $685.6M Q1 loss, signaling growth and DeFi ambitions.

Market News
26 May 2026
Crypto Briefing
View Source
Neutral
pluang ai news

Sharplink, an Ethereum treasury platform, will join the Russell 2000 and Russell 3000 indexes on June 29, 2026, marking a significant growth milestone. The company reported a sharp revenue increase to $12.1 million in Q1 2026 from $0.7 million a year earlier but also posted a large net loss of $685.6 million, mainly due to non-cash impairments and unrealized losses on its Ethereum holdings. Sharplink recently rebranded to focus on institutional Ethereum treasury services and announced a $125 million joint DeFi yield fund with Galaxy Digital, signaling strong ambitions in decentralized finance. Investors should watch the fund's progress and the company's exposure to Ethereum price fluctuations closely.

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