Animoca Brands Financial Report: Total Digital Assets Worth $558 Million

According to BlockBeats, on April 17, Animoca Brands said in its latest unaudited financial disclosure that it holds $558 million in digital assets on its balance sheet, including $291 million in cash and stablecoins. The company said that the financial data does not include the value of the company's approximately 400 minority equity investments in Web3 companies, and the valuation of these investments is in progress. Animoca Brands has invested in several blockchain companies such as Kraken, MetaMask and Ledger. Animoca Brands said that its "all Animoca Brands Web3 subsidiaries" have off-balance sheet token reserves of approximately $1.8 billion, including approximately $1.3 billion in liquidity tokens and $542 million in low-liquidity tokens. Animoca Brands has multiple subsidiaries, including the metaverse platform The Sandbox.