April 22, 2025
Blockchain

Animoca Brands reserves exceed $5 billion

  • June 7, 2022
  • 0

As of April 30, 2022, Hong Kong-based blockchain gaming operator Animoca Brands has more than $5 billion in fiat and digital currency reserves, the company announced in a

Animoca Brands reserves exceed  billion

Animoca Brands reserves exceed $5 billion
Animoca Brands reserves exceed $5 billion

As of April 30, 2022, Hong Kong-based blockchain gaming operator Animoca Brands has more than $5 billion in fiat and digital currency reserves, the company announced in a report to investors.

Animoca Brands generated ~$721 million in revenue for the third quarter of 2021 and the first four months of 2022. This figure includes revenue from sales of NFTs and non-blockchain assets, including the secondary market. Other income included profit/loss from investment activities and the results of owning digital currencies.

As of April 30, the company has invested over $1.5 billion in more than 340 projects, including Colossal, Axie Infinity, OpenSea, Dapper Labs (NBA Top Shot), Yield Guild Games, Harmony, Alien Worlds and Star Atlas.

Animoca Brands had cash balances of ~$98 million in fiat and ~$211 million in USDC, USDT, BUSD, ETH and BTC. Reserves in other digital currencies reached ~$659 million.

The firm also holds ~$4.2 billion worth of unlisted tokens from its own projects. These assets include SAND, QUIDD, PRIMATE, REVV, TOWER, GMEE, and others.

The total volume of the company’s reserves reached ~$5.07 billion at the end of the reporting period.

Recall that in January Animoca Brands raised $358.9 million at a $5 billion valuation.

Source: Fork Log

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