Animoca Brands, a major Web3 investor and the parent company of The Sandbox, Eden Games, and SPORTPASS, holds an impressive $558 million in cryptocurrency. This information was disclosed in an unaudited financial statement released on April 17, 2024. In addition to its crypto assets, the company also has $291 million in cash and stablecoins.

In the financial update, Animoca Brands stated that the surge in Bitcoin's value and the resurgence of the Web3 gaming sector have contributed to the overall market strength. The company has a strong investing record with investments in projects like Yuga Labs, Opensea, Axie Infinity, Dapper Labs, and Magic Eden. In November 2023, Animoca Brands became the largest validator for the TON blockchain.

Overall, the company has investments in 400 projects and, including investments from its subsidiaries, holds approximately $1.8 billion in off-balance sheet reserves. Of this amount, about $1.3 billion is in liquid tokens, while around $542 million is in "lower-liquidity tokens." Animoca Brands plans to provide more financial updates in the future, with audited financial statements for 2021 currently in progress and unaudited financial and business positions for fiscal year 2023 expected in the second quarter of 2024.