Animoca Brands Announces 2022 Financial Report: Digital Asset Holdings Surpass $2 Billion

The investment portfolio of Animoca Brands, which includes well-known entities like The Sandbox, GAMEE, and REVV Motorsport, demonstrated remarkable expansion. The book value of this portfolio soared to $402 million, marking an impressive increase from the previous fiscal year’s $291 million. Notably, Animoca Brands secured over $100 million in funding to bolster its financial strength.

With a focus on maintaining robust liquidity, Animoca Brands’ cash and stablecoin balance stood at approximately $191 million. The company has also made minority investments in more than 380 portfolio companies, showcasing its commitment to fostering innovation within the broader digital ecosystem.

A highlight of Animoca Brands’ performance lies in its digital asset holdings. The total value of digital assets currently held by the company has exceeded a remarkable $2 billion. This impressive figure comprises The Sandbox tokens and reserves, accounting for approximately $469 million, and various Animoca brand-related tokens such as PROS, ASTRAFER, QUIDD, PRIMATE, REVV, TOWER, and GMEE, contributing around $1.6 billion to the total.

This milestone underscores Animoca Brands’ position as a key player in the digital entertainment and blockchain space. By leveraging a diverse portfolio of investments and digital assets, the company continues to pave the way for innovation and growth within the industry.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Source: ethereum.today