Allied Gaming Stock Jumps 105% After Crypto Debut

• Allied Gaming & Entertainment invests in Bitcoin and Ethereum, marking its entry into digital assets.
• The move sparks a 105% surge in the company’s stock price during Friday trading.

On September 12, 2025, Allied Gaming & Entertainment (NASDAQ: AGAE) announced its first investment in Bitcoin (BTC) and Ethereum (ETH) as part of its corporate treasury management strategy. The investment, disclosed via Business Wire, signifies the company’s initial step toward integrating digital assets into its financial and operational framework.

The announcement triggered a dramatic response in the market, with the company’s stock price soaring 105% during Friday morning trading. Allied Gaming & Entertainment shares hit an intraday high of $2.18, boosting the company’s market capitalization to $73 million.

Yangyang (James) Li, CEO of Allied Gaming & Entertainment, characterized cryptocurrency as both a "store of value" and a "strategic building block" for the company’s long-term vision. "Integrating blockchain and digital assets into our ecosystem is a natural progression of our vision to connect people through gaming, entertainment, and innovative financial technologies," said Li.

As part of its strategic expansion, Allied Gaming & Entertainment outlined plans to further incorporate blockchain technology into its operations. These initiatives include the development of proprietary tokenization models for real-world assets like live event rights and intellectual property, the use of stablecoins and utility tokens to enhance user engagement and liquidity, and the adoption of blockchain-based payment systems.

Although the company did not disclose the amount of Bitcoin and Ethereum it acquired, the market’s optimistic reaction underscores investor confidence in its crypto-focused strategy. Allied Gaming & Entertainment’s move reflects a growing trend of publicly traded companies integrating digital assets into their reserves.

As of September 12, 2025, 15:12 UTC, Bitcoin (BTC) was trading at $115,035.65, reflecting a 0.41% increase in its 24-hour trading volume, according to CoinMarketCap. Ethereum (ETH), as of 15:11 UTC, was priced at $4,540.76, with a 2.66% change in its 24-hour trading volume.