Sharplink, Inc., the Miami-based Ethereum treasury platform trading under Nasdaq ticker SBET, is set to join both the Russell 2000 and Russell 3000 indexes effective at the US market open on June 29, 2026. For a company that was pulling in just $0.7 million in quarterly revenue a year ago, that’s a remarkable trajectory change.
The numbers behind the milestone
Sharplink’s Q1 2026 financial results paint a picture of aggressive growth paired with eye-watering losses. Revenue hit $12.1 million for the quarter, a jump from $0.7 million in the same period a year earlier.
The company also reported a net loss of $685.6 million for Q1 2026. That figure is primarily tied to non-cash impairments and unrealized losses on its Ethereum holdings.
Sharplink holds over 872,000 ETH equivalent as of its post-Q1 results. The company rebranded from SharpLink Gaming in February 2026, shedding its sports betting origins to fully embrace its identity as an “institutional-grade Ethereum treasury platform.”
