Media and technology company GameSquare (NASDAQ: GAME) announced the completion of $8 million in fundraising to launch its Ethereum fund management strategy. According to the announcement, this round of financing was completed through a public offering underwritten at a price of $0.95 per share, totaling 8,421,054 shares of common stock.

The company's board of directors has approved a phased investment plan in Ethereum of up to $100 million, while also reserving sufficient working capital for daily operations.