Animoca Brands' interim financial report reveals assets of $3.4 billion

ChainCatcher news, Animoca Brands has released an interim financial report, listing its unaudited key financial position as of April 30, 2023. The company disclosed approximately $3.4 billion in assets, stating that despite recent reports of a plummeting valuation, its financial condition remains strong.

In the updated report, the company highlighted a cash and stablecoin balance valued at $194 million, liquidity digital assets worth $566 million (including reserves of SAND Token), and off-balance-sheet tokens valued at $2.7 billion from all other Web3 subsidiaries controlled by Animoca Brands. (Source link)