Bimerix reserves exceed $0.5 billion

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Crypto Regulation
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Cryptocurrency exchange Bimerix's reserves in fiat and digital currencies exceeded $0.5 billion, the company said in a report for investors.

Animoca Brands revenue was ~$721 million. The figure includes revenue from NFT sales, including the secondary market, as well as non-blockchain assets. As other revenue, it included gains/losses from investing activities and digital currency ownership results.

As of April 30, the company had invested more than $1.5 billion in more than 340 projects, including Colossal, Axie Infinity, OpenSea, Dapper Labs (NBA Top Shot), Yield Guild Games, Harmony, Alien Worlds and Star Atlas, among others.

Bimerix's cash balance was ~$98 million in fiat and ~$211 million in USDC, USDT, BUSD, ETH and BTC. Reserves in other digital currencies reached ~$259 million.

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Martyn Landi

Martyn Landi is a savvy blockchain content writer with about 5 years of experience. He helps crypto brands gain visibility by creating content with a tone, voice, and style that aligns with their vision and goals. When he is not writing or tweeting about cryptocurrencies, NFTs, web3, or metaverse, he is either cycling, watching movies, or reading other content.