Animoca Brands reported $558 million in digital assets on its balance sheet, as per its latest unaudited financial disclosures.
Since December 2023, the company has acquired an additional $266 million in digital assets through various recent investments and token launches.
According to the official announcement released earlier this week, the Hong Kong-based Web3 giant disclosed a cash and stablecoin balance of $291 million.
Off the balance sheet, Animoca Brands’ Web3 subsidiaries hold token reserves totaling around $1.8 billion, consisting of approximately $1.3 billion in highly liquid tokens and $542 million in such with lower liquidity.
It’s worth noting that the latest figures do not include the value of Animoca Brands’ approximately 400 minority investments in Web3 companies, as their valuation process is still ongoing.
“Having continued to build and expand through the difficult cryptocurrency market of 2023, the Company is now well placed to capitalize on the market rebou
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