Animoca Brands plans to go public next year through a reverse merger, and its founder, Yat Siu, is betting big on altcoins — not just Bitcoin — to draw investors. In an interview with Cointelegraph, he said altcoins collectively have the potential to outperform Bitcoin over time.
Siu likened Bitcoin to gold: a single enduring asset that no one company can overshadow. By contrast, altcoins represent a broad ecosystem of projects — from Web3 gaming and infrastructure to DeFi and decentralized services — that together form something akin to the early-internet boom days, when investing across multiple growing tech companies offered outsized potential. He argued that, unlike the early-2000s internet era where a few big firms dominated, the crypto world is unlikely to produce a “winner-takes-all” outcome. Instead, a diversified portfolio of altcoins could yield substantial growth as the industry matures.
Animoca Brands’ own investment strategy reflects this conviction. The company has built a portfolio spanning hundreds of firms — many of them rooted in gaming, infrastructure, and DeFi — giving it broad exposure across different parts of the crypto ecosystem. Because Animoca can often invest in tokens at early or favorable valuations, it believes it can deliver those benefits to shareholders. Rather than relying solely on Bitcoin as a reserve asset, the firm seeks to leverage the utility of altcoins for real-world Web3 applications such as games, decentralized identity, and decentralized infrastructure.
This move comes as Animoca readies itself for a potential listing on the Nasdaq exchange through a reverse merger next year. The planned IPO is not only meant to unlock value for Animoca’s existing investors but to offer retail and institutional investors a gateway to a diversified basket of crypto assets. Siu envisions Animoca as a kind of proxy for exposure to “the rest of crypto,” sidestepping the difficult task of picking individual winning tokens.
For investors skeptical of picking specific coins, this strategy might seem appealing — it echoes the diversification advantages that traditional equity mutual funds or ETFs offer. Animoca’s belief is that the aggregate potential of many functioning projects—rather than the fortunes of a single coin—offers a stronger long-term bet.
In short, Animoca Brands is positioning itself as a broad-based gateway into the crypto space, betting that altcoins — as a collective class — will outperform Bitcoin in the long run. The upcoming Nasdaq listing could open the door to a new type of crypto investment vehicle for institutional and retail investors alike.
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Author: Sb
