🚨 Crypto Growth and Market Momentum 🚨
The company reported $314 million in revenue for the last fiscal year, up from $280 million. Earnings before tax and depreciation reached $97 million. It also holds nearly $300 million in cash and stablecoins, alongside $538 million in other digital assets. Its portfolio spans over 540 companies, including OpenSea, ConsenSys, and the US crypto exchange Kraken.
Animoca Brands was delisted from the Australian stock exchange in 2020 due to concerns around its crypto holdings. Since then, the firm has rebuilt its brand globally and emerged as a powerhouse in blockchain gaming, NFTs, and Web3 investments.
Trump’s election victory has already drawn other firms like Deribit to consider U.S. expansion. Siu sees this as a turning point, saying, “It would be one heck of a wasted opportunity if we didn’t at least try.” For Animoca, a U.S. listing under Trump’s crypto-friendly administration is more than just a growth play, it’s a signal of how far crypto has come.
Just last week, in an interview with Meet the Press, former U.S. President Donald Trump again showed his support for cryptocurrency. He talked about crypto’s stability, comparing it to the stock market during economic downturns as proof of its growing relevance and reliability.
