In a move that will surely be remembered for ages (or at least until the next big crypto news), GameSquare has doubled down on Ethereum, acquiring 8,351 ETH at an average price of $3,592, a whopping $30 million worth of “I’m telling you, this is a good investment” 🤦♂️. This purchase is part of a broader initiative to strengthen its digital asset portfolio, because who needs traditional assets when you can have ones that are as volatile as a teenager’s mood swings? 📈
But wait, there’s more! GameSquare’s board has approved a major expansion of its crypto treasury allocation, because $100 million was just a warm-up, and now they’re going all-in with a $250 million cap 🤯. They’re also dipping their toes into the NFT space with an initial $10 million investment, because who doesn’t love a good digital collectible? 🎨
To help them navigate this brave new world, GameSquare has brought in some heavy hitters, including Ryan Zurrer from Dialectic and Rhydon from Goff Capital. Their task? To manage and optimize the crypto treasury, with a focus on Ethereum-based assets and generating stablecoin yields that will make your traditional bank account weep with envy (6% to 10%, for those who are counting) 📊.
CEO Justin Kenna proudly declared that GameSquare’s experience in gaming and digital entertainment gives them a unique edge in the world of digital collectibles and Web3-native assets. Because, you know, nothing says “unique edge” like a bunch of gamers arguing over who has the rarest digital skin 😂. GameSquare’s approach is a notable shift among public firms, integrating NFTs into a formal treasury framework, rather than just treating them like speculative plays (you know, like that one cousin at the family reunion who “invested” in a bunch of Beanie Babies) 🎉.
With this aggressive expansion, GameSquare joins the ranks of companies that are all-in on crypto, because who needs a diversified portfolio when you can just put all your eggs in the crypto basket? 🛤️
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2025-07-22 15:09