GameSquare Increases Crypto Treasury Program by $150 Million
Main Idea
GameSquare has expanded its crypto treasury program by $150 million, increasing its Ethereum holdings and launching a $10 million NFT strategy to generate recurring cash flow from digital assets.
Key Points
1. GameSquare increased its digital asset treasury management authorization from $100 million to $250 million and purchased an additional 8,351.89 Ethereum (ETH) for $30 million.
2. The company now holds 10,170.74 ETH, valued at approximately $38 million, as part of its strategy to leverage Ethereum-based assets.
3. GameSquare launched a $10 million NFT strategy focused on Ethereum-native digital assets, positioning itself among the first public companies to include NFTs in treasury management.
4. The company's ETH-focused yield generation strategy targets onchain yields of 8%-14%, significantly exceeding current ETH staking benchmarks of 3%-4%.
5. GameSquare announced a public offering to fund its Ethereum-based treasury strategy, supported by strategic alliances and partnerships with firms like Dialectic Group and Goff Capital.
Description
Nasdaq-listed entertainment company GameSquare has increased its digital asset treasury management authorization from $100 million to $250 million. The company’s Board of Directors has reached this decision as a result of the program’s “mounting success,” the press release says . Notably, GameSquare has bought an additional 8,351.89 Ethereum (ETH) for $30 million, at a weighted average price of $3,592 per coin. As of 21 July, the company has 10,170.74 ETH. “With this most recent purchase, GameSq...
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