GameSquare, a US-listed company, has announced plans to raise approximately $8.00 million to launch an Ethereum treasury strategy.
Powered by ChatGPTOn July 9, according to ACCESS Newswire, GameSquare Holdings (Nasdaq:GAME), a US-listed gaming and entertainment company, announced the pricing of a public offering of 8.42 million shares of common stock, expected to raise approximately $8.00 million, primarily to accelerate the launch of its newly established Ethereum treasury strategy.
According to reports, the GameSquare board of directors has approved an Ethereum asset allocation plan of up to $100.00 million, which will be implemented in phases. GameSquare CEO Justin Kenna stated that this treasury management strategy will enhance the company's financial flexibility and support a clear capital allocation plan for purchasing more Ethereum assets, potential stock buybacks, and growth plan investments. [Deep Tide TechFlow]