Animoca Brands has published an investor update for the fiscal year ending December 31, 2023. Operating expenses for the 12 months ending December 31, 2023 are $246 million compared to $234 million for the first 12 months ending December 31, 2022. Cash and stablecoin balances are $175 million. Digital assets held on the balance sheet are approximately $203 million, of which approximately 70% are a combination of BTC, ETH, APE and MATIC. Animoca Brands and its subsidiaries have an off-balance sheet token reserve of approximately $1.60 billion, which consists of approximately $930 million in liquid tokens and $665 million in low-liquidity tokens. These reserves include Animoca Brands' tokens such as SAND, EDU, REVV, TOWER, GMEE, and others. Minority investments in more than 450 portfolio companies. The total amount raised through the issuance of equity and convertible notes in fiscal year 2023 is $83 million.