GameSquare Holdings, Inc. has announced the allocation of $100 million for an Ethereum-based treasury management strategy, focusing on yield generation and financial flexibility.
Support for Strategic Alliance with Dialectic
GameSquare announced its treasury management strategy based on Ethereum, collaborating with Dialectic, a leader in crypto asset management. GameSquare's CEO Justin Kenna noted that the alliance with Dialectic enhances the company's expertise in decentralized finance.
Ethereum-Based Yield Strategy
GameSquare's strategy will utilize Dialectic's Medici platform, applying machine learning and optimization to achieve high-quality yields. Expected yields range from 8% to 14%, significantly exceeding current Ethereum staking rates.
Growth Plans and Opportunities
GameSquare's board has approved allocating up to $100 million for Ethereum-related strategies. This will provide flexibility in capital management and support plans for additional ETH purchases, stock buybacks, and growth investments. Kenna added that the company aims to adapt to trends in institutional adoption of digital assets.
GameSquare is actively developing its Ethereum-based asset management strategy, aligning with broader trends in the adoption of digital assets. This initiative could significantly contribute to the company's financial expansion.
