The publicly traded company Allied Gaming & Entertainment announced its first investment in Bitcoin and Ethereum

ChainCatcher news, according to businesswire, global experiential entertainment company Allied Gaming & Entertainment, Inc. (NASDAQ: AGAE) announced that as part of its corporate financial management strategy, the company has made an initial investment in Bitcoin and Ethereum.

This move marks the company's first step towards incorporating cryptocurrency into its balance sheet and lays the groundwork for AGAE's broader blockchain and RWA tokenization plans. However, the company did not disclose specific holdings.