Allied Gaming’s Crypto Strategy Sends Stock Soaring 105%

- Allied Gaming & Entertainment (AGAE) invests in Bitcoin and Ethereum. - Stock price surges over 100% following its strategic blockchain pivot. Nasdaq-listed Allied Gaming & Entertainment (AGAE) announced its first investment in Bitcoin and Ethereum as part of a corporate treasury strategy to integrate blockchain technology into its operations. Following the announcement on September 12, 2025, the company’s stock soared by more than 105%. On September 12, The Block reported that AGAE's stock hit a high of $2.18 before closing at approximately $1.73, an 89% increase at publication time. The investment is part of AGAE’s broader strategy to adopt blockchain; the company plans to use the technology for payment solutions, tokenize real-world assets like live events and intellectual property, and integrate stablecoins and utility tokens throughout its gaming and entertainment ecosystem. On September 12, CEO Yangyang (James) Li said in a statement, “We see cryptocurrency not only as a store of value, but also as a strategic building block for the future of our business.” By embracing these technologies, AGAE joins a growing list of companies incorporating cryptocurrency and blockchain into their long-term plans. Meanwhile, Bitcoin and Ethereum continue to dominate the digital asset space. According to CoinMarketCap, as of 15:09 UTC on September 12, Bitcoin (BTC) was trading at $115,085.44, representing a 0.52% change in 24-hour trading volume. At the same time, Ethereum (ETH) traded at $4,534.13, showing a 2.54% increase in its 24-hour trading volume.