Animoca Brands has $558 million in digital assets according to unaudited disclosure
Animoca Brands shared a report that says the company has $558 million in digital assets. The unaudited report also stated Animoca Brands has $291 million in cash and stablecoins.
The prolific web3 investor also said it has $291 million in cash and stablecoins. Animoca Brands has invested in a diverse slate of blockchain companies like Kraken, MetaMask and Ledger, according to its website.
"Having continued to build and expand through the difficult cryptocurrency market of 2023, the company is now well placed to capitalize on the market rebound evident over the last few months," Animoca Brands said in its statement.
The company also said the financials it released on Wednesday "excludes the value of the Company’s approximately 400 minority investments in Web3 companies, for which valuation work is ongoing."
Animoca Brands stated its "audited financial statements for the fiscal year 2021 are in progress." The company finally released its 2020 financials last year after a lengthy delay.
The company said its off-balance sheet token reserves for "all Animoca Brands web3 subsidiaries" is roughly $1.8 billion, made up of approximately $1.3 billion in liquid tokens and $542 million in lower-liquidity tokens.
Animoca Brands also has multiple subsidiaries, including metaverse platform The Sandbox.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
This year's hottest cryptocurrency trade suddenly collapses—should investors cut their losses or buy the dip?
The cryptocurrency boom has cooled rapidly, and the leveraged nature of treasury stocks has amplified losses, causing the market value of the giant whale Strategy to nearly halve. Well-known short sellers have closed out their positions and exited, while some investors are buying the dip.
Showcasing portfolios, following top influencers, one-click copy trading: When investment communities become the new financial infrastructure
The platforms building this layer of infrastructure are creating a permanent market architecture tailored to the way retail investors operate.
Ripple raised another $500 million—are investors buying $XRP at a discount?
The company raised funds at a valuation of $40 billions, but it already holds $80 billions worth of $XRP.
CoinShares: Net outflow of $1.17 billion from digital asset investment products last week.
Trending news
MoreCrypto prices
More
