Animoca Brands: As of the end of 2023, the digital assets held on the balance sheet are approximately $203 million

ChainCatcher news, Animoca Brands announced its investor update for the fiscal year ending December 31, 2023.

For the 12 months ending December 31, 2023, operating expenses were $246 million, compared to $234 million for the 12 months ending December 31, 2022. The cash and stablecoin balance is $175 million. The digital assets held on the balance sheet are approximately $203 million, of which about 70% is a combination of BTC, ETH, APE, and MATIC.
Animoca Brands and its subsidiaries have off-balance-sheet token reserves of approximately $1.6 billion, including about $930 million in liquid tokens and $665 million in illiquid tokens. These reserves include tokens from Animoca Brands such as SAND, EDU, REVV, TOWER, GMEE, and others. Minority equity investments in over 450 portfolio companies.

Additionally, the total amount raised in the fiscal year 2023 through equity issuance and convertible notes was $83 million.