The move marks the company’s first step toward integrating cryptocurrency into its financial strategy through decentralized finance (DeFi) opportunities. To […]
The post GameSquare Begins ETH Treasury Program, Buys $5M in Ethereum appeared first on Coindoo.
The move marks the company’s first step toward integrating cryptocurrency into its financial strategy through decentralized finance (DeFi) opportunities.
To manage its crypto-native treasury, GameSquare is partnering with Dialectic’s Medici platform, which uses machine learning to target yields between 8% and 14%—well above traditional ETH staking returns. CEO Justin Kenna says the goal is to generate strong, risk-adjusted yields while reinvesting returns into ETH purchases, share buybacks, and internal growth.
The Ethereum purchase follows GameSquare’s recent $9.2 million public offering, which included a fully exercised $1.2 million over-allotment led by Lucid Capital Markets. The additional funding strengthens the company’s balance sheet and accelerates its crypto strategy rollout.
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GameSquare joins a growing list of companies shifting to Ethereum-based treasuries. SharpLink Gaming recently spent $19.2 million on 7,689 ETH, adding to its 205,000 ETH holdings—making it the largest publicly traded ETH holder. Meanwhile, Bit Digital has sold off its Bitcoin reserves entirely, deploying $172 million into Ethereum and signaling a deeper pivot toward ETH within corporate treasury strategies.
The post GameSquare Begins ETH Treasury Program, Buys $5M in Ethereum appeared first on Coindoo.
Source: https://coindoo.com/gamesquare-begins-eth-treasury-program-buys-5m-in-ethereum/
[ajax_load_more]Benson Toti
Benson Toti
Benson Toti