As reported by CryptoPotato, Animoca Brands reported $558 million in digital assets on its balance sheet in its latest unaudited financial disclosure. Since December 2023, the company has acquired an additional $266 million in digital assets through various recent investments and token offerings.
According to an official announcement published earlier this week, the Hong Kong-based Web3 giant disclosed a cash and stablecoin balance of $291 million. Off-balance sheet, Animoca Brands’ Web3 subsidiary holds token reserves totaling approximately $1.8 billion, including approximately $1.3 billion in highly liquid tokens and $542 million in less liquid tokens.
It is worth noting that the latest figures do not include the value of Animoca Brands' approximately 400 minority investments in Web3 companies, as its valuation process is still ongoing. Amid cryptocurrency volatility last March, Animoca Brands adjusted the target of its Metaverse Fund "Animoca Capital", cutting it by 20% from an initial $2 billion to $800 million. The move came after the target was halved to $1 billion. Overall, Animoca Capital, announced last November, has been reduced by 60% from its original target.
