The board of directors of the technology company GameSquare approved the allocation of $100 million for phased investments in $ETH . The first portion of the amount the company intends to raise through a public offering of shares.

According to the statement, GameSquare submitted an application for an IPO to the U.S. Securities and Exchange Commission (SEC) in March 2025. It became effective in early June.

This is an underwritten public offering of shares, where securities are purchased by a broker for further offering to its clients. The bookrunner is Lucid Capital Markets.

GameStop plans to offer 8.4 million common shares at a price of $0.95. The majority of the raised $8 million the company intends to use to accelerate its strategy for creating an Ethereum treasury.