AGAE soars 105% after adopting DAT and exploring RWA models

• Allied Gaming Invests in Bitcoin and Ether as DAT
• AGAE shares surge 105% on Nasdaq after announcement
• Company plans to tokenize live events and intellectual property

Nasdaq-listed Allied Gaming & Entertainment (AGAE) shares soared more than 100% on Friday after the company announce its first allocation to Bitcoin and Ethereum as part of a corporate treasury strategy in digital assets (DAT). The statement did not detail the amount acquired, but highlighted that the move paves the way for broader projects linked to blockchain and the tokenization of real-world assets (RWA).

According to Yahoo Finance data, AGAE shares peaked at $2,18 before falling back to $1,73, still up 89% on the day. The move raised the New York-based company's market value to approximately $73 million.

CEO Yangyang (James) Li said the decision goes beyond simply exposure to bitcoin.

"We see cryptocurrencies not only as a store of value, but also as a strategic foundation for the future of our business," he said. "Integrating blockchain and digital assets into our ecosystem is a natural progression of our vision of connecting people through games, entertainment, and innovative financial technologies."

The company plans to expand blockchain payment options across its entertainment properties, as well as develop tokenization models for live events and film intellectual property. The strategy includes the future integration of stablecoins and utility tokens that can increase audience engagement and generate additional liquidity for its operations.

Allied Gaming operates across multiple segments, including esports content production, virtual events, and in-person experiences. Now, with its entry into the digital asset ecosystem, the company seeks to position itself within a growing movement among small and mid-cap companies adopting cryptocurrencies as reserves and part of their balance sheets.

According to market data dashboards, digital assets in corporate treasuries now exceed US$120 billion, reflecting the diversification trend initiated by industry leaders and replicated by new companies. AGAE joins this group by structuring a strategy that combines cryptocurrency treasury and exploration of proprietary RWA models to transform its gaming and entertainment businesses.