Crypto Treasury
SharpLink and Forward Industries to join Russell indexes
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SharpLink and Forward Industries will be added to the Russell 2000 and Russell 3000 indexes at the end of June. The move could draw passive investment from index-tracking funds. SharpLink is backed by Ethereum co-founder Joe Lubin.
US burger chain Steak ‘n Shake has purchased $10 million worth of bitcoin, adding to its strategic cryptocurrency reserve. The move builds on the company's adoption of bitcoin payments since May 2025, which it credits for boosting sales. This acquisition highlights the growing trend of firms integrating digital assets into their financial strategies.
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Evernorth Holdings, a Ripple-backed XRP treasury, is set to go public via a SPAC merger amid a tough market for crypto treasuries. CEO Asheesh Birla argues the timing is ideal due to a favorable US regulatory environment. The company holds 388 million XRP tokens, currently valued at $812 million.