ZIGChain price rose nearly 3% as bulls targeted $0.1. The gain came after SEGG Media announced plans to acquire ZIG as part of a $300 million financial strategy. Institutional investors may increase ZIG’s credibility.
ZIGChain price is hovering around $0.08, but could target major levels as important developments emerge from the intersection of traditional finance and Web3 innovation.
Nasdaq-listed SEGG Media Corporation has announced a bold $300 million strategic initiative to integrate blockchain technology into its sports and entertainment businesses.
SEGG plans to focus specifically on accumulating ZIG, ZIGChain’s native token.
SEGG Media moves to acquire ZIG with $300 million financial strategy
SEGG Media (formerly Lottory.com Inc.) has unveiled ambitious plans to allocate a portion of its newly created $300 million digital asset treasury to the ZIG acquisition.
This strategy allocates 80% of your treasury to a multi-asset crypto portfolio.
This includes Bitcoin and generates verification-based income on networks such as Ethereum, Solana, and ZIGChain.
The remaining 20% will be used for acquisitions.
SEGG is also targeting a pilot program to tokenize assets such as athlete intellectual property and fan stakes.
Much more is in store for ZIGChain’s benefit
The memorandum of understanding with ZIGChain outlines a collaborative effort to tokenize SEGG Media’s sports and entertainment business.
The company plans to leverage ZIGChain’s infrastructure for the tokenization of real-world assets.
The partnership also aims to launch a trading platform on Sports.com and Concerts.com to enable tokenized teams, bands, and events.
SEGG Media CEO Matthew McGahan emphasized the company’s mission to bridge traditional markets and blockchain innovation.
Abdul Rafai Gadit, founder of ZIGChain, also emphasized that this is a milestone for institutional blockchain adoption.
ZIGChain price: How high can ZIG go?
Strategic accumulation of ZIG by Nasdaq-listed companies like SEGG Media has sparked speculation about the token’s price trajectory.
ZIG is currently trading at $0.086, with a 24-hour trading volume of $2.48 million, according to CoinMarketCap data.
Although prices have fallen towards year-to-date lows since reversing from April’s high of $0.12, ZIG remains well above its all-time low in January 2023.
With the recent mainnet launch, the network is looking to grow.
Just one month after the mainnet launch, ZIGChain recorded over 1 million transactions.
More importantly, the $300 million Treasury involvement will inject significant liquidity into the ZIGChain ecosystem, potentially driving demand and price growth.
If SEGG Media’s allocation reflects the enthusiasm seen in related trends, ZIG could see a near-term rally reflecting current outperforming companies.
A retest of $0.10 could allow the bulls to aim for $0.12 and possibly $0.15.
Buyers reached these high prices in December 2024.
