Animoca Brands: As of March 31, it held approximately US$2.65 billion in assets, with a cash and stablecoin balance of US$291 million

PANews reported on April 17 that Animoca Brands released a financial report today, listing the main unaudited financial conditions as of March 31, 2024.

The company disclosed that its cash and stablecoin balance is $291 million; it holds $558 million in digital assets on its balance sheet, which it has increased by $2.66 since December 2023 through multiple recent investments and token issuance activities. billion in digital assets; off-balance sheet token reserves are approximately $1.8 billion, of which approximately $1.3 billion are more liquid tokens and $54.2 million are less liquid tokens.

This update does not include the value of Animoca's minority investments in approximately 400 Web3 companies, for which valuation work is still ongoing. In addition, "digital assets held on the balance sheet" were defined in the previous financial update as "liquid digital assets" including the SAND utility token reserve, but this update has transferred SAND to the off-balance sheet token reserve .