OURGAME(06899): Strategic investment in cryptocurrency drives the integration of blockchain technology with group business.

date
17:58 14/10/2025
avatar
GMT Eight
Lianzhong (06899) announced that its subsidiary company, Allied Gaming & E...
OURGAME (06899) announces that its subsidiary company, Allied Gaming & Entertainment Inc. (AGAE, Nasdaq: AGAE), has invested in Bitcoin (BTC) and increased its holdings in Ethereum (ETH). This move marks the official launch of AGAE's strategic plan to incorporate cryptocurrencies into its balance sheet and lays the foundation for its broader blockchain applications and the tokenization of Real World Assets (RWA), aiming to drive deep integration of blockchain technology with the group's core gaming and entertainment industry. The inclusion of BTC and ETH into a diversified asset allocation portfolio is the first phase of AGAE's comprehensive digital strategy. In the future, AGAE will continue to advance in the following directions: expanding blockchain-based payment methods covering AGAE's global IP portfolio, including eSports events, gaming platforms, and immersive entertainment venues; developing proprietary RWA tokenization models, such as live entertainment rights, property management income, and monetization of film/animation IPs; and laying the foundation for the integration of stablecoins and utility tokens to increase user engagement, facilitate cross-border transactions, and enhance the liquidity of the entire ecosystem. AGAE CEO James Li stated, "We not only see cryptocurrencies as a store of value but also as a strategic foundation for driving AGAE's future business development. Integrating blockchain and digital assets into our ecosystem is a natural extension of connecting global users and creating innovative financial experiences through games and entertainment." The company believes that the combination of blockchain technology with the gaming and entertainment industry will reshape the industry value chain, and investing in cryptocurrencies is an important starting point for this strategic positioning. This initiative not only reserves resources for the group's future technological upgrades and business expansion but also reflects the group's determination to embrace technological innovation and lead industry transformation.