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📰 $ETH — JOE LUBIN-BACKED SHARPLINK JOINS RUSSELL INDEXES — A LIFELINE FOR ETH TREASURY FIRMS
🔥 SharpLink Gaming (SBET) — holding 872,984 ETH in its treasury and backed by Ethereum co-founder Joe Lubin — has been approved to join the Russell 2000 & Russell 3000 indexes, effective June 29.
📉 Key metrics:
• ~873,000 $ETH in treasury — worth ~$1.8B at current market prices
• Second-largest public ETH holder after Bitmine (5.4M ETH)
• SBET stock down ~95% from speculative peak, yet still 2x its pre-ETH treasury pivot level
• ~$12 trillion in assets benchmarked to Russell indexes → massive passive flow potential
💡 What this means:
→ Russell inclusion unlocks capital from index-tracking funds → boosted liquidity & institutional ownership
→ CEO Joseph Chalom calls it "validation of institutional-grade ETH treasury strategy"
→ Ethereum treasury firms are clawing back credibility despite the broader crypto downtrend
🧠 SharpLink proves: even after a 95% stock collapse, landing in a major index can be the survival play crypto treasury companies desperately need
⚠️ Not financial advice. DYOR. #2kdolph
#OKB #ICEBacksOKXOilPerps #ExchangeOSGoesLive #HYPEWhaleWar
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