Animoca Brands Discloses 2023 Cryptocurrency Holdings
Blockchain game developer and investor Animoca Brands released its 2023 balance sheet, revealing $203 million in cryptocurrency holdings.
The company noted a decline in total asset value for the year ending December 31, 2023, compared to 2022, but observed an increase in asset value towards the end of the year.
In an official statement , Animoca Brands reported having $175 million in cash and stablecoins for the fiscal year 2023.
The balance sheet shows that the $203 million in cryptocurrencies comprises about 70% Bitcoin ( BTC ), Ethereum ( ETH ), Ape Coin ( APE ), and Polygon ( MATIC ).
READ MORE:
Up to 80% of Cryptocurrencies Are Not Securities, Says CFTC Chairman“Digital assets on the balance sheet amount to $203 million, with roughly 70% held in BTC, ETH, APE, and MATIC.
Additionally, reserves include altcoins such as SAND, EDU, REVV, TOWER, and GMEE, along with Animoca Brands tokens,” the company stated.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
