Blockchain game developer and investor Animoca Brands announced its balance sheet for 2023. Accordingly, Animoca Brands stated that it has $203 million worth of cryptocurrencies on its balance sheet.
Stating that the total asset value decreased for the 12 months ending December 31, 2023 compared to 2022, the company said that the value of these assets increased after the rise towards the end of 2023.
The company announced in its official statement that it has $175 million in cash and stablecoins as of fiscal year 2023.
According to the company's balance sheet, it also has $203 million worth of cryptocurrencies, 70% of which consist of Bitcoin (BTC), Ethereum (ETH), Ape Coin (APE) and Polygon (MATIC).
“Digital assets held on the balance sheet are $203 million. Approximately 70% of these assets are held in a combination of BTC, ETH, APE and MATIC.
“Reserves include altcoins such as SAND, EDU, REVV, TOWER and GMEE, as well as Animoca Brands tokens.”
*This is not investment advice.