BTCS Joins Russell Microcap Index as Ether-Focused Public Companies See Surging Returns
Blockchain infrastructure firm BTCS has been added to the Russell Microcap Index, signaling growing institutional recognition for companies integrating Ethereum into their corporate strategy.
The inclusion, announced earlier this week, triggered a sharp 22% rally in BTCS shares during pre-market trading. The stock has now doubled in value over the past month, fueled in part by its $100 million Ethereum-focused capital deployment initiative and validator expansion plans.
BTCS, headquartered in Maryland, has become a key player in the emerging “on-chain treasury” movement. Through its staking operations and proprietary ChainQ platform, the company is leveraging Ethereum infrastructure to power its long-term growth.
The Russell Microcap Index inclusion could increase passive inflows, as ETFs and index funds tracking the benchmark rebalance to include BTCS.
Elsewhere, the ETH treasury trend continues to gain traction. GameSquare (GAME) has committed $100 million to Ethereum purchases, with an investor call planned to outline its strategic shift toward blockchain. GAME shares surged 45% in early trading.
SharpLink Gaming (SBET), now the largest public holder of Ethereum, gained 16.6% in the pre-market following a 21.3% rally the day prior. The company’s stock has more than doubled in just a month.
Ethereum has climbed 20% in the past 30 days despite being down 5% year-to-date. In contrast, bitcoin is up over 25.7% in 2025.
