According to Foresight News, Animoca Brands has disclosed in its latest unaudited financial statement that it holds $558 million in digital assets, including $291 million in cash and stablecoins. The company clarified that this financial data does not include the value of approximately 400 minority equity investments in Web3 companies, which are currently being evaluated.
Animoca Brands also stated that the off-balance token reserves of all its Web3 subsidiaries amount to approximately $1.8 billion. This includes about $1.3 billion in liquidity tokens and $542 million in low liquidity tokens. The company owns several subsidiaries, including the metaverse platform, The Sandbox.
