GameSquare Holdings Inc. Expands with $5 Million Ethereum Purchase and $9.2 Million in Gross Proceeds from Public Offering

Reuters
2025/07/10
GameSquare Holdings Inc. Expands with $5 Million Ethereum Purchase and $9.2 Million in Gross Proceeds from Public Offering

GameSquare Holdings Inc. has announced a significant expansion of its financial strategy with a $5 million purchase of Ethereum, acquiring approximately 1,818.84 ETH at an average price of $2,749 per ETH. This purchase marks the initial step in the company's $100 million Ethereum treasury strategy, aimed at establishing a crypto-native treasury management system. GameSquare, a media, entertainment, and technology company, is partnering with Dialectic and Ryan Zurrer to employ Medici, a platform that leverages machine learning for risk-adjusted yields of 8-14%. Additionally, Lucid Capital Markets has exercised its full over-allotment option, increasing the company's recent offering proceeds to $9.2 million. The expansion reflects GameSquare's commitment to a forward-looking growth strategy and its confidence in the support of investors and decentralized finance leaders.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Gamesquare Holdings Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1047439) on July 10, 2025, and is solely responsible for the information contained therein.

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