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Home»ADOPTION NEWS»Animoca Brands holds $558 million in digital assets, according to unaudited disclosures.
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Animoca Brands holds $558 million in digital assets, according to unaudited disclosures.

By Crypto FlexsApril 17, 20242 Mins Read
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Animoca Brands holds 8 million in digital assets, according to unaudited disclosures.
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In its latest unaudited financial disclosure, Animoca Brands said it has $558 million in digital assets on its balance sheet.

The prolific web3 investor also said he has $291 million in cash and stablecoins. According to its website, Animoca Brands has invested in various blockchain companies such as Kraken, MetaMask, and Ledger.

“Having continued to build and scale through the challenging cryptocurrency markets in 2023, the company is now well-positioned to capitalize on the market rebound that has been evident over the past few months,” Animoca Brands said in a statement.

The company also said the financials it released Wednesday “exclude the value of the company’s approximately 400 minority investments in Web3 companies, for which valuation work is ongoing.”

Animoca Brands said its “audited financial statements for fiscal 2021 are in progress.” After a long delay, the company finally released its 2020 financial report last year.

The company said its off-balance-sheet token holdings for “all Animoca Brands web3 subsidiaries” are approximately $1.8 billion, comprised of approximately $1.3 billion of liquid tokens and $542 million of low-liquid tokens.

Animoca Brands also has several subsidiaries, including metaverse platform The Sandbox.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

About the author

RT Watson is a senior reporter at The Block, covering a variety of topics including US-based companies, blockchain games, NFTs, and more. He previously covered entertainment for The Wall Street Journal and has covered companies including Disney, Netflix, and Warner Bros. and the creator economy, with a primary focus on technological innovation across media. Previously, she covered corporate, economic and political news in Brazil at Bloomberg. She interviewed a wide range of figures for RT, including CEOs, media moguls, top influencers, politicians, blue-collar workers, drug traffickers, and convicted criminals. She holds a Master’s degree in Digital Sociology.

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