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.