Animoca Plans IPO to Become Public Markets’ Altcoin Proxy

[cryptoenthusiast]

As crypto looks beyond 2025, Animoca Brands is positioning itself as a public-market gateway to altcoins. The company plans to go public via a reverse merger with Nasdaq-listed Currenc Group, a move that would leave Animoca controlling 95% of the combined entity.

Siu argues that while MicroStrategy offers Bitcoin exposure, there’s no equivalent for the broader altcoin ecosystem. Animoca aims to fill that gap by acting as a diversified Web3 and gaming investment vehicle.

With over 620 portfolio companies, four straight years of EBITDA profitability, and $314 million in unaudited 2024 bookings, Animoca is betting public investors want structured exposure to crypto beyond Bitcoin.

[chainsniff]

hahaha even animoca is getting crypto