Sharplink and Forward Industries Join Russell 2000, 3000 with $1.8B ETH, $588M SOL
BMNR•Ethereum treasury firm Sharplink will enter the Russell 2000 and 3000 indexes on June 29 with 874,351 ETH valued at $1.8 billion against a $1.22 billion market cap. Solana-focused Forward Industries also joins the same indexes, holding $588 million in SOL versus a $350 million market cap.
1. Sharplink to Join Russell Indexes
Ethereum treasury firm Sharplink will be added to the Russell 2000 and Russell 3000 on June 29 as part of the semiannual reconstitution, marking its first entry into these U.S. equity benchmarks.
2. Treasury Holdings and Valuation
The company holds 874,351 ETH valued at approximately $1.8 billion, while its current market capitalization stands near $1.22 billion, reflecting a substantial discount to its net asset value.
3. Forward Industries Inclusion and Solana Position
Forward Industries, a medical design firm turned Solana accumulator, also joins the Russell 2000 and 3000 with $588 million in SOL holdings acquired at an average $232, compared to a $350 million market cap.
4. Expected Benefits and Market Response
Index inclusion is expected to broaden both firms’ institutional investor base, and shares in Sharplink dipped 0.8% to $6.18, while Forward Industries shares climbed 2.62% to $4.70 on the announcement day.
