on GameSquare Holdings, Inc. (NASDAQ:GAME)
GameSquare Holdings Launches Ethereum Treasury Strategy
GameSquare Holdings, Inc. has unveiled the pricing for its underwritten public offering, aimed at securing $8.0 million. The proceeds will fund its Ethereum-based treasury strategy, forming a strategic alliance with Dialectic. This move is part of a larger plan authorized by the Board to allocate up to $100 million in Ethereum for enhancing crypto-based treasury management.
CEO Justin Kenna highlighted the involvement of leading crypto investment firms to leverage on-chain yield benefits. The strategic initiative aims to optimize returns through Dialectic's Medici platform, achieving target yields of 8-14%, exceeding current benchmarks.
The company's ETH strategy integrates broader risk management with potential diversification through stable coins and NFTs. GameSquare envisions this as a step towards incorporating digital assets within institutional frameworks, fortifying its finance strategy.
R. E.
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