Microsoft · Gemini · Nvidia · Apple · BitMine Immersion Technologies · Galaxy Digital · Cointelegraph
Listing in the indexes is widely viewed as a boon for those added, as many active and passive funds
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Chalom said that joining the Russell indexes would broaden the company’s shareholder base and strengthen its access to capital markets.
Key facts
- Sharplink has a market cap of $1.2 billion, and the company’s CEO, Joseph Chalom, said that it means the firm could make the Russell 2000, an index that tracks the largest 2,000 publicly traded US
- Galaxy Digital’s market cap of $11.55 billion also makes it eligible for the Russell 1000, while Gemini’s estimated $571 million makes it eligible for the Russell 2000
- FTSE Russell will provide further list updates on June 5, June 12 and June 18
- Forward Industries' chief investment officer, Ryan Navi, said the Solana treasury company is also eligible for the Russell 2000 Index, as its market cap sits at about $350 million
Summary
Bitmine and Galaxy Digital may also be eligible for the Russell 1000, an index tracking the largest 1,000 US companies that includes Nvidia, Microsoft and Apple. A range of crypto companies appears in a preliminary list for the Russell 3000 index, including treasury firms Sharplink and Forward Industries, along with crypto exchange Gemini and crypto services firm Galaxy Digital. A preliminary index list for the Russell 3000 was published by the index’s provider, FTSE Russell, on Friday. Sharplink has a market cap of $1.2 billion, and the company’s CEO, Joseph Chalom, said that it means the firm could make the Russell 2000, an index that tracks the largest 2,000 publicly traded US companies. Listing in the indexes is widely viewed as a boon for those added, as many active and passive funds, including exchange-traded funds, typically buy stocks from them.