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<ul class="news-points"> 
 <li>Animoca Brands Co-Founder Yat Siu said the company is doing well financially, unlike as suggested by rumors around its debts.</li> 
 <li>Siu said the company’s recent financial reports show a healthy and sizable cash and asset portfolio.</li> 
 <li>The rumors about its stability started after auditors revealed the company had over $110 million in debts.</li> 
</ul> 
Animoca Brands Co-Founder and Chief Executive Yat Siu, in an interview with Bloomberg, dispelled debt rumors that suggested the company was materially unstable. The CEO of the Australian crypto firm said that despite the prevailing market conditions, the company is doing fine. 
Siu said the company’s latest financial report shows that the company does not have any debt issues. According to him, the company has over $190 million in cash and stables and over $1.6 billion in assets and equities. 
Furthermore, he stated that the sizable portion of its crypto assets and healthy cash balance reflect the company’s good financial situation. Siu said unless Bitcoin drops to $1000, then there is no need to worry. Additionally, he said the company will continue investing in crypto businesses despite its debts. 
Recently, auditors for… 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/animoca-ceo-says-company-doing-just-fine-despite-110m-debt/">Animoca CEO Says Company Doing Just Fine Despite $110M Debt</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

Animoca CEO Says Company Doing Just Fine Despite $110M Debt

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