Animoca Brands holds $1.5B in crypto and blockchain gaming assets across 340 investments
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Animoca Brands said it holds portfolio investments worth $1.5 billion in crypto and blockchain gaming across 340 companies.
The blockchain gaming company has made some of the biggest bets on the new generation of blockchain games which use tech such as non-fungible tokens (NFTs) to authenticate unique digital items. Traded on the Australian stock exchange, the company reported bookings and other income of $148 million for the fourth quarter ended December 31 and $573 million for the four months ended April 30, 2022.
Animoca Brands owns blockchain game companies including The Sandbox, Gamee, nWay, Blowfish Studios, Grease Monkey Games, REVV Motorsport, TOWER, Quidd, Lympo, and Forj (formerly Bondly), in addition to blockchain service revenue arising from portfolio investments and partnerships.
Bookings include token sales, NFT sales including secondary sales, and other non-blockchain activities. Other income includes gains/losses of investments and digital assets holdings. The company has a cash balance of $98 million and $211 million worth of digital asset holdings including USDC, USDT, BUSD, ETH and BTC as of the end of April.
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Other digital asset holdings include third-party tokens of $659 million. And it has digital asset reserves of $4.2 billion — which are not reflected in the company’s balance sheet. These reserves include the Animoca
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