Animoca Brands' Crypto Holdings Surge to $203 Million: A Testament to Blockchain's Growing Importance

IconCryptoNewsTerminal Staff10 Jul, 2024

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Animoca Brands' Crypto Holdings Surge to $203 Million: A Testament to Blockchain's Growing Importance

Animoca Brands, a frontrunner in the blockchain gaming industry, has unveiled a significant increase in its cryptocurrency holdings, which now stand at an impressive $203 million. This strategic move highlights the growing significance of blockchain technology and its potential to revolutionize various sectors. As of the company's financial year 2023, Animoca Brands boasts a robust balance sheet with $175 million in cash and stablecoins. Notably, 70% of the company's crypto portfolio comprises prominent cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), ApeCoin (APE), and Polygon (MATIC).