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Crypto

ETH and SOL treasury firms Sharplink, Forward set to join Russell indexes

Two U.S.-listed companies holding Ethereum and Solana as core assets have been placed on a preliminary list for inclusion in Russell indexes. CoinPost reported Sharplink and Forward Industries are set to join the Russell 2000 and Russell 3000 on June 29. Sharplink holds 868,699 ether worth about $1.8 billion, while Forward’s Solana holdings were put at about $585 million. Executives said index inclusion could broaden their shareholder base and improve liquidity.

Crypto

Ethereum treasury firms derive 60 percent of revenue from staking, operations emerge as key

Staking is emerging as a core revenue pillar for listed Ethereum (ETH) treasury firms. Everstake analysed 15 listed Ethereum treasury companies with available disclosures and results through May 2026 and found about 60 percent of disclosed 2025 revenue came from staking. The finding comes as the firms posted large combined losses, including a $1.41 billion aggregate net loss for fiscal 2025. Strategy is shifting from holding to active asset management as spot Ethereum ETFs reduce indirect exposure advantages.

Crypto

Bitmine on preliminary list for Russell 1000 inclusion, raising hopes for ETF and passive inflows

U.S.-listed Bitmine Immersion Technologies has been placed on a preliminary list for inclusion in the Russell 1000 index. If inclusion is confirmed, market participants are discussing the possibility of large inflows via passive funds and exchange-traded funds. Chairman Tom Lee said Bitmine’s market capitalisation exceeds the $5.7 billion minimum threshold. Bitmine also disclosed it holds 5,278,462 ether and has staked 4,712,917 ether, while pushing back its 5 percent supply target timeline.