GameSquare Holdings, Inc. has announced the launch of an Ethereum-based treasury strategy, approving an investment of up to $100 million into new crypto initiatives.
GameSquare's Investment Initiative
GameSquare Holdings, Inc. (NASDAQ:GAME) announced the sale of 8,421,054 shares at $0.95 per share, expected to generate approximately $8 million. Most of the funds will be used to accelerate the launch of a new Ethereum treasury strategy, emphasizing the company's intent to expand its presence in crypto investments.
Collaboration with Dialectic
The company has formed a strategic partnership with Dialectic to develop an Ethereum-based yield strategy. Dialectic provides a unique Medici platform featuring machine learning and multi-tiered risk management to optimize asset yield. Projected yields of 8-14% significantly exceed current Ethereum staking rates of 3-4%.
Company's Prospects and Plans
GameSquare also plans to incorporate new yield-generating strategies including stablecoins and non-fungible tokens (NFTs). The company has approved an ETH allocation of up to $100 million for phased investments while ensuring sufficient working capital for its ongoing operations.
The launch of the new treasury strategy highlights GameSquare's strategic intentions in the digital asset space and its potential expansion in decentralized finance.
