Animoca Brands Reports Investment Portfolio Worth Over .5B
Hong Kong based investor in non-fungible tokens (NFT) and decentralized gaming, Animoca Brands released its unaudited results on Monday. The documents reveal the firms’ portfolio investments totaling over $1.5 billion spread out over more than 340 investments.
Bookings including token and NFT sales and other non-blockchain earnings were $148 million for the fourth quarter of 2021 and $573 million for the first four months of this year. “Other income” is inclusive of gains and losses from investments and digital asset holdings.
At the end of the April, Animoca held $98 million in cash with digital asset holdings of $211 million. Its digital asset holdings included USDC, USDT, BUSD, ETH and BTC, the company disclosed. Other digital asset holdings, including third-party tokens, totaled up to $659 million.
The investment firm also announced digital asset reserves of $4.2 billion which include the Animoca Brands tokens SAND, QUIDD, PRIMATE, REVV, TOWER and GMEE, among others.
Animoca’s most important business units and investments are The Sandbox, GAMEE, nWay, Blowfish Studios, Grease Monkey Games.
After raising close to $360 million in a funding round earlier this year, Animoca’s valuation grew to $5.5 billion, doubling up from just three months prior.
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Source: igaming
