According to Odaily Planet Daily, Animoca Brands announced an investor update for the fiscal year ending December 31, 2023. The company's operating expenses in the past 12 months were US$246 million, compared with US$234 million in the same period of 2022. Animoca Brands has a cash and stablecoin balance of US$175 million, and holds approximately US$203 million in digital assets on its balance sheet, of which approximately 70% is a combination of BTC, ETH, APE and MATIC. Animoca Brands and its subsidiaries have an off-balance sheet token reserve of approximately US$1.6 billion, including approximately US$930 million in liquidity tokens and US$665 million in low-liquidity tokens. These reserves include Animoca Brands' tokens such as SAND, EDU, REVV, TOWER, GMEE, etc. The company has made minority investments in more than 450 portfolio companies. In fiscal 2023, Animoca Brands raised a total of US$83 million through the issuance of equity and convertible notes.
