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GameSquare Approves $100 Million Ethereum Treasury Allocation via $8M Share Offering

A partnership with crypto capital manager Dialectic aims to generate on-chain yield as the company phases its new Ethereum investments.

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Overview

  • On July 8, GameSquare’s board authorized up to $100 million in staged Ethereum purchases funded by an underwritten offering of 8.42 million shares at $0.95 each.
  • Proceeds from the $8 million share sale will accelerate the multi-phase treasury strategy while preserving operational working capital.
  • Crypto specialist Dialectic will oversee capital management and pursue real yield opportunities within decentralized finance.
  • GameSquare shares surged over 58% in regular trading, spiked 150% intraday to $2.66, and added 6% in after-hours trading.
  • The move mirrors a growing micro-cap trend of diversifying corporate balance sheets with Ethereum treasuries, following peers like Bit Digital and SharpLink Gaming.