GameSquare Holdings (NASDAQ: GAME), a media and entertainment company, has announced an ambitious investment strategy of $100 million in Ethereum ($ETH ). The board of directors approved a phased investment in cryptocurrency, starting with a public offering of 8.42 million shares at a price of $0.95, raising $8 million. These funds will be used to launch an ETH-oriented treasury, which will utilize the Medici platform from Dialectic to generate profits of 8–14% per year, significantly exceeding the standard 3–4% from ETH staking.
The strategy involves diversification through stablecoins and NFTs to maximize profits and reduce risks. CEO Justin Kenna emphasized that this move strengthens the company's financial flexibility and aligns with the trend of institutional adoption of cryptocurrencies. Following the announcement, GameSquare's shares rose by 58%, and trading volume reached $40 million, indicating a positive market response. The price of Ethereum increased to $2606.26, demonstrating a bullish sentiment.
This move positions GameSquare among the leaders integrating blockchain into corporate finance, alongside Bit Digital and SharpLink Gaming. Stay updated on crypto market news by subscribing to #MiningUpdates
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