๐ฎ GameSquare Goes All In on Ethereum โ $100M Web3 Treasury Strategy Unveiled!
GameSquare, the Nasdaq-listed esports and media firm, has officially launched a $100 million Ethereum treasury, signaling a massive commitment to the Web3 ecosystem. ๐
๐ข Backed by board approval, the company:
โข Aims to raise $8M via public offering ($0.95/share)
โข Granted Lucid Capital a 45-day option to purchase 1.26M shares
โข Will use Dialecticโs Medici tech to optimize ETH yield
๐ฌ CEO Justin Kenna:
"This strategy enhances our financial flexibility, supports share repurchases, and fuels long-term ETH acquisitions + growth."
๐ The market responded fast โ $GAME stock surged 40% on Wednesday, building on a 100% rise since the treasury news broke.
๐ง Why it matters:
GameSquare joins a growing list of public companies building crypto treasuries โ not just in BTC, but also in Ethereum and Solana.
Other firms like Bit Digital and SharpLink Gaming have added over 300,000 ETH combined, with most of it being staked โ tightening supply and boosting ETHโs long-term thesis.
๐ As Joe Lubin, ConsenSys CEO, said:
> โEthereum treasuries arenโt just good business โ theyโre key to balancing ETH supply and fueling real blockchain utility.โ
The Web3 race is on, and ETH is at the center of it. Are you watching?
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