SharpLink has generated $500 million in profit through its ETH reserve strategy and currently holds 838,728 ETH on its balance sheet.

According to SharpLink, since launching its Ethereum strategy on June 2nd, the company has achieved $500 million in unrealized profits. The company stated that this achievement stems not only from asset acquisition but also from the near 100% collateralization of its ETH holdings. Currently, SharpLink holds 838,728 ETH on its balance sheet.