Animoca Brands: Digital assets held on balance sheet are approximately $203 million
Animoca Brands has released its investor update for the fiscal year ending December 31, 2023. The operating expenses for the twelve months ending on December 31, 2023 were $246 million, compared to $234 million for the previous twelve months ending on December 31, 2022. The cash and stablecoin balance is $175 million. The digital assets held on the balance sheet amount to approximately $203 million, with around 70% being a combination of BTC, ETH, APE, and MATIC.Animoca Brands and its subsidiaries hold off-balance sheet token reserves of approximately $1.6 billion, including approximately $930 million in liquid tokens and $665 million in illiquid tokens. These reserves include Animoca Brands' own tokens such as SAND, EDU, REVV, TOWER, GMEE, among others. They have made minority equity investments in over 450 portfolio companies.A total of $83 million was raised through the issuance of equity and convertible notes in the 2023 fiscal year.
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