PANews reported on August 9 that according to DL News, according to Animoca Brands' first quarter financial results, as of March, the company had nearly $3.3 billion in cryptocurrencies, cash, stocks and other assets. However, investors in the secondary market do not think so. Animoca Executive Chairman and Co-founder Yat Siu said that the company's secondary market transaction valuation is about $1.5 billion. This is nearly 75% lower than Animoca's valuation in July 2022, when the company announced that it had raised $75 million at a valuation of $5.9 billion.
Siuâs estimate of Animocaâs current trading value is similar to that of Bulletin, which scrapes secondary market data on cryptocurrency companies from sources such as brokers and trading platforms. Bulletin estimates that Animocaâs current secondary market valuation is about $1.3 billion.
