TechFlow news, September 12 — According to TheBlock, shares of Nasdaq-listed gaming company Allied Gaming & Entertainment (ticker: AGAE) surged over 100% on Friday after announcing its first investment in bitcoin and ethereum as part of its corporate treasury management strategy.
The company stated the move marks the first step in incorporating cryptocurrency onto its balance sheet, laying the foundation for "broader blockchain and real-world asset (RWA) tokenization initiatives." Shares hit a high of $2.18 during trading and were changing hands around $1.73 at publication time, up 89%, with a market capitalization of approximately $73 million.
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