Odaily Planet Daily News Animoca Brands announced an investor update for the fiscal year ending December 31, 2023. Operating expenses for the 12 months ending December 31, 2023 were $246 million, while operating expenses for the first 12 months ending December 31, 2022 were $234 million. Cash and stablecoin balances are $175 million. The digital assets held on the balance sheet are approximately $203 million, of which approximately 70% are 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 liquidity tokens and $665 million in low-liquidity tokens. These reserves include Animoca Brands' tokens such as SAND, EDU, REVV, TOWER, GMEE, etc. Make 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.
