Nasdaq-listed GameSquare Secures $8M to Initiate $100M ETH Treasury
Main Idea
GameSquare has announced an $8 million public offering to fund its $100 million Ethereum-based treasury strategy, aiming for higher yields through diversified crypto investments.
Key Points
1. GameSquare priced an underwritten public offering to raise $8 million for its Ethereum treasury strategy.
2. The company plans a phased $100 million allocation into ETH, targeting yields of 8-14%, higher than standard staking returns.
3. The strategy includes potential diversification into NFTs and stablecoins to amplify returns.
4. GameSquare will use Dialectic’s Medici platform for ETH-focused yield generation with multi-layered risk management.
5. Following the announcement, GameSquare Holdings (GAME) stock closed at $1.54, gaining 58% amid strong buying activity.
Description
Media and entertainment firm GameSquare has announced a public offering to fund its newly launched Ethereum (ETH)-based treasury strategy. The company board has approved $100 million ETH treasury allocation in phased investments. Announced Tuesday, GameSquare has priced an underwritten public offering aiming to raise $8.0 million in gross proceeds. The raise will help accelerate its ETH fund management strategy, which is supported by a strategic alliance with Dialectic. “This new treasury manage...
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