Crypto conglomerate Animoca Brands has seen its valuation tank by more than 75% in the last two years, according to latest reports. The secondary shares of the company are trading at only $1.5 billion in valuations as of now, a significant drop from the $5.9 billion valuation claimed back in July 2022.
What’s Behind the Animoca Valuation Drop
Concerns regarding the valuation drop in Animoca Brands have skyrocketed recently! However, during the first quarter financial results ending March, the firm reported a total of $3.3 billion in crypto, cash, and equities.
Despite this, investors in the secondary market seem to be unimpressed as the shares of the firm are trading at $1.5 billion valuation said Animoca executive Chairman Yat Siu. This is a staggering 75% drop from the company’s valuations back in July 2022, when it raised a total of $75 million at $5.9 billion valuation.
Siu’s estimate of Animoca’s current trading value aligns with Bulletin’s data, which gathers informatio
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