Foresight News reports that the US-listed company GameSquare (NASDAQ:GAME) has completed its first purchase of $5 million in Ethereum, with an average purchase price of $2,749, totaling approximately 1,818.84 ETH. This move is part of its $100 million ETH treasury strategy.
GameSquare stated that it will collaborate with Dialectic to leverage the Medici platform to achieve risk-adjusted returns of 8-14% in DeFi, while continuing to advance its ETH allocation to support company growth and potential buybacks.
