Golden Finance reported that Animoca Brands released its financial report for the second and third quarter of 2024. Its total revenue in the third quarter reached US$69 million, a month-on-month increase of 43.8% and a year-on-year increase of 165%. Revenue mainly comes from the three major business segments, Digital Asset Advisory (DAA), which contributed US$25 million, Web3 operating business income of US$39 million, and investment management income of US$5 million. As of the end of September 2024, it held US$248 million in cash and stable coins, and US$330 million in liquid digital assets, mainly including ETH, BTC and APE. In addition, the company also holds US$1.6 billion worth of off-balance sheet token reserves, including SAND, EDU, MOCA, REVV, TOWER, GMEE, etc.