Trump’s pledge to make the US a hub for digital belongings has already attracted large names. Crypto choices alternate Deribit not too long ago moved operations to the US. Since Trump’s November win, bitcoin costs have surged over 50%, hitting above $102,000.
Siu stated that crackdown gave Animoca an edge. “We wouldn’t have thought-about a US itemizing a yr in the past,” he stated. “Now it’s an enormous a part of our plans.”
Animoca was faraway from the Australian alternate in 2020 however has since diversified its portfolio. It now holds pursuits in OpenSea, Kraken, and Consensys, and has invested in additional than 540 corporations.
The agency reported unaudited earnings of $97 million final yr, with income reaching $314 million. It additionally holds practically $300 million in money and stablecoins, plus $538 million in digital belongings.
Some Animoca-backed corporations, together with Kraken, may go public within the US quickly.