Corporate Giant Cryptocurrency Company Announces Its Portfolio! How Many of Which Altcoins Are There?

Blockchain game developer Animoca Brands has revealed its 2023 balance sheet, showcasing $203 million in cryptocurrencies and a substantial increase in asset value towards the end of the year.

Points

• Animoca Brands holds $203 million in cryptocurrencies.
• 70% of these assets consist of BTC, ETH, APE, and MATIC.
• The company also holds $175 million in cash and stablecoins.
• The value of these assets increased significantly towards the end of 2023.

Animoca Brands, a prominent blockchain game developer and investor, has disclosed its balance sheet for 2023, revealing $203 million worth of cryptocurrencies. The company’s total asset value decreased over the 12 months ending December 31, 2023, compared to 2022. However, the value of these assets increased significantly towards the end of 2023.

According to the official statement, Animoca Brands holds $175 million in cash and stablecoins. The $203 million in cryptocurrencies mainly comprises Bitcoin （BTC）, Ethereum （ETH）, Ape Coin （APE）, and Polygon （MATIC）, making up 70% of the total. The remaining assets include various altcoins such as SAND, EDU, REVV, TOWER, and GMEE, as well as Animoca Brands tokens.

Explanation

• Stablecoins: Cryptocurrencies designed to minimize price volatility by being pegged to a reserve asset, such as a fiat currency.
• Altcoins: Any cryptocurrency other than Bitcoin.
• Asset Value: The total value of all assets owned by a company, including cash, investments, and physical property.

Animoca Brands’ substantial holdings in cryptocurrencies highlight its significant investment in the digital asset space, reflecting the company’s confidence in the long-term potential of blockchain technology and digital currencies.