Fragbite Group Soars 64% After Bold Bitcoin Treasury Move—Wall Street Scrambles

Game developer turns crypto pioneer overnight as markets react to treasury pivot.

When traditional finance meets digital gold...

Fragbite Group just pulled a MicroStrategy—announcing plans to allocate treasury reserves into Bitcoin, sending its stock skyrocketing 64% in a single session. The Swedish gaming firm's board clearly took notes during 2024's corporate Bitcoin rush.

Market reaction? Pure FOMO. Traders piled into the stock like it was a memecoin listing, proving yet again that nothing pumps a legacy asset faster than crypto fairy dust. Analysts remain divided—visionary hedge against fiat or desperate Hail Mary play by a struggling developer?

One investment banker quipped: 'Another earnings call where 'blockchain' replaces actual revenue.' But try telling that to shareholders enjoying their sudden 64% gains.

As traditional firms keep dipping toes into crypto waters, one truth emerges: in 2025, even your grandma's pension fund manager knows Bitcoin moves markets faster than fundamentals.

A new Treasury Director for Fragbite Group

As part of the new Bitcoin treasury strategy, Fragbite has created a new role within the corporation. The new role of Treasury Director will be remunerated through a performance-based incentive program, which aims to create value through its holdings that align with shareholder interests.

Fragbite Group has tapped Lead Game Designer of FunRock and proclaimed Bitcoin advocate, Patrik von Bahr, to lead the unit as Treasury Director. He believes that the ability to measure Bitcoin per share metrics and the ability to elevate value from BTC holdings will become “fundamental” to companies in the future.

“By being early movers in this paradigm shift, we look forward to establishing disproportionately much shareholder value in both the short and the long term,” said von Bahr in his statement.

Establshed in 2015, Fragbite Group is a Swedish corporate entity that consists of a collection of subsidiary companies that that develop, adapt and publish games and content relevant to the gaming, e-sports and web3 fields. The company’s products are designed for PC, mobile, console and more modern platforms built on the blockchain.

Fragbite Group’s main office is located in Stockholm, Sweden and it is listed on the Nasdaq First North Growth Market.