$ETH

GameSquare: CEO Explains Why This is a Smarter Choice Compared to Bitcoin

Why Companies Choose #Ethereum Over Bitcoin?#btc

In the last two months, public companies have spent millions, if not billions, of dollars to accumulate Ethereum. Companies like BitMine and SharpLink have emerged as leaders, with ETH holdings reaching US$2.26 billion and US$1.58 billion, respectively.

However, smaller players have also made their mark with strategic holdings. On July 8, GameSquare, a media, entertainment, and technology company, launched its Ethereum treasury strategy.

The company's board approved an allocation of US$100 million for this second largest cryptocurrency. Less than 10 days later, GameSquare completed a US$70 million public offering, with most of the proceeds allocated to purchasing Ethereum.

Additionally, on July 21, they increased their ETH treasury allocation from US$100 million to US$200 million. The company has utilized some of those funds.

Data from the Strategic ETH Reserve indicates that GameSquare acquired approximately 12,900 ETH between July 11 and July 24, making it the sixth largest public holder.