Animoca Brands update on financial position as of 31 March 2024
Key unaudited financial positions (non-IFRS measures) as of 31 March 2024
- The Company remains financially strong with a cash and stablecoin balance of US$291 million.
- Digital assets held on the balance sheet of US$558 million (1). Through multiple recent investments and token launch activities, the Company has added US$266 million of digital assets since December 2023.
- Off-balance sheet token reserves for all Animoca Brands Web3 subsidiaries of approximately US$1.8 billion, which comprise approximately US$1.3 billion in liquid (2) tokens and US$542 million in lower-liquidity (3) tokens.
- This update excludes the value of the Company’s approximately 400 minority investments in Web3 companies, for which valuation work is ongoing.
The Company is working diligently to provide additional financial updates. Audited financial statements for the fiscal year 2021 are in progress, and the Company plans to provide key unaudited financial and business highlights for the full fiscal year 2023 in Q2 2024, subject to any disclosure limitations of the Australian Corporations Act 2001 (Cth).
https://www.animocabrands.com/animoca-brands-update-on-financial-position-as-of-31-march-2024
