Mo.bi - Crypto Currency Tracker logo Mo.bi - Crypto Currency Tracker logo
Cryptoknowmics 2022-06-07 08:24:47

Animoca Brands’ Investment Portfolio Now Worth Over $1.5B

As of April 30, Animoca Brands, a Hong Kong-based firm that invests in non-fungible tokens (NFTs) and metaverse projects, had made over US$1.5 billion in over 340 investments. The firm gained roughly $721 million through token and non-token sales, including secondary sales, and gains and losses from investment and digital asset holdings between October 2021 and April 2022. Animoca’s digital asset reserves, which included USDC, USDT, BUSD, ETH, and BTC, totaled US$211 million at the end of April, more than doubling its cash position of US$98 million. .@CoinDesk Market Wrap: #AnimocaBrands’ Investment Portfolio Now Worth Over $1.5B: The #gaming #investment firm also reported $573 million in bookings and other income for the first four months of 2022. Continue reading: https://t.co/FV1EJrgwg9 #Web3 #metaverse #NFT #blockchain — Animoca Brands (@animocabrands) June 7, 2022 Animoca Brands Raised Roughly US$360 Million in January 2022 However, at the end of April, the entire value of digital assets reserves was US$4.2 billion, which includes Animoca Brands tokens like SAND, REVV, GMEE, and others not listed in the balance sheet. The firm raised roughly US$360 million in January 2022 at a valuation of US$5 billion. In February, the company established a subsidiary in Japan with a seed investment of US$10 million. Based in New York, Liberty City Ventures led the investment, which included more than 18 additional investors from around ...

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.