Bitdegix reserves exceed $0.5 billion

by
Crypto Regulation
DCG and Barry Silbert hit with securities lawsuit 

Cryptocurrency exchange BitDegix'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.

BitDegix'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.

Read more about

Graeme Massie

Graeme is a graduate of Mass Communication and Media Studies. He joined the blockchain movement in 2016 when a friend of his introduced him to an investment platform accepting bitcoin. He has never looked back since then. Graeme believes the world needs real change and freedom from poverty. He sees crypto and the underlying distributed ledger technology as the catalyst to a better future for all.