GameSquare Boosts Ethereum Holdings to Over 10,000 ETH with $250M Treasury Expansion
Main Idea
GameSquare has significantly increased its Ethereum holdings to over 10,000 ETH, investing $35 million, and introduced a new NFT revenue model as part of its strategic shift towards deeper crypto market engagement.
Key Points
1. GameSquare acquired approximately 8,351 ETH at an average price of $3,592, totaling around $30 million.
2. The company's total Ethereum holdings now stand at about 10,170.74 ETH, with a total investment of $35 million.
3. GameSquare approved a new NFT revenue model with an initial budget of $10 million.
4. The company has formed key partnerships with industry experts Ryan Zurrer of Dialectic and Rhydon.
5. GameSquare's treasury allocation for crypto assets has increased from $100 million to $250 million.
Description
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