Animoca Brands: Digital assets held on balance sheet are approximately $203 million
Odaily2024/07/10 12:33
By:Odaily
Odaily News Animoca Brands announces investor update for the fiscal year ending December 31, 2023. Operating expenses for the 12 months ended December 31, 2023 were $246 million, while operating expenses for the first 12 months ended December 31, 2022 were $234 million. Cash and stablecoin balances were $175 million. Digital assets held on the balance sheet were approximately $203 million, of which approximately 70% were a combination of BTC, ETH, APE and MATIC. Animoca Brands and its subsidiaries have off-balance sheet token reserves of approximately $1.6 billion, including approximately $930 million in liquid tokens and $665 million in low-liquidity tokens. These reserves include Animoca Brands tokens such as SAND, EDU, REVV, TOWER, GMEE, etc. Minority investments in more than 450 portfolio companies. Total funds raised through the issuance of equity and convertible notes in fiscal 2023 were $83 million.
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