Animoca Brands reports $5B in Crypto, Cash Reserves

The Sandbox publisher’s got bank!

Hong Kong-based crypto games publisher released an unaudited financial result for the last three months of 2021 and the first four months of 2022.

The report stated that the firm invested over $1.5 billion on more than 340 different projects in the web3 gaming space. Some of the projects that they have invested in include Axie Infinity, Colossal, OpenSea, Dapper Labs, Yield Guild Games, Harmony, Alien Worlds, Star Atlas, and many others.

The company has been valued at over $5 billion since its most recent funding round which was led by Liberty City Ventures and joined by George Soros and the Winklevoss twins. Animoca has earned $721 million recently from token and NFT sales alone which include secondary sales as well.

The Sandbox? Maybe they should call it the piggybank huh…right?

The firm has other gains and losses with investments spread over a rather lucrative portfolio that also includes Bitcoin, Ethereum, USDC, USDT, and BUSD of Binance. The firm has also claimed to own a reserve of digital assets totaling $4.2 billion which has not been reflected on a public financial balance sheet. The reserves in question are of SAND, QUIDD, PRIMATE, REVV, TOWER, and GMEE mostly with others as well.

Animoca Brands has been making some big moves, joining forces with Yuga labs to create the successful ApeCoin and work on the metaverse project Otherside, which recently also enjoyed a successful launch. The company also owns other game companies besides The Sandbox, companies such as Gamee, nWay, Blowfish Studios, Grease Monkey Games, and more recently acquired Prague-based Notre Game.