Allied Gaming Embraces Bitcoin and Ethereum in First Crypto Treasury Move
TLDR
- Allied Gaming invests in Bitcoin and Ethereum as part of its treasury strategy.
- The company plans to integrate blockchain and tokenization in its business.
- Allied Gaming’s shares surged by 105% after the crypto announcement.
- Allied Gaming aims to expand blockchain payments and tokenization of assets.
Allied Gaming & Entertainment, a leading firm in esports and virtual event productions, made an ambitious move by adding Bitcoin (BTC) and Ethereum (ETH) to its corporate treasury. This marks the company’s first foray into the cryptocurrency space as part of a broader strategy to integrate blockchain technology and tokenize real-world assets.
The announcement was met with a significant market reaction, with shares of…
