Animoca Brands secondary share deal drops to $1.5 billion

According to BlockBeats, on August 9, although Animoca Brands held a total of approximately US$3.3 billion in assets as of March, Executive Chairman and Co-founder Yat Siu said that the company's secondary shares were trading at approximately US$1.5 billion.

That figure is down about 75% from its $5.9 billion valuation in July 2022, when it announced it had raised $75 million.