$70 Million Public Offering to Fund Big Bet on ETH by Gamesquare

Gamesquare Holdings, Inc. (NASDAQ: GAME) has completed a $70 million underwritten public offering, selling 46.7 million shares at $1.50 each. According to the announcement, the offering is aimed at fueling the company’s ethereum accumulation strategy, developed in partnership with crypto-native asset manager Dialectic.

The capital raise signals Gamesquare’s shift toward digital asset treasury management, leveraging Dialectic’s expertise in crypto yield generation. The company confirmed that a significant portion of proceeds will be used to grow its ETH holdings, in line with a broader push into web3 finance and blockchain infrastructure.

Justin Kenna, CEO of Gamesquare, spoke about the pivotal milestone for the company.

This raise enables us to move with speed and scale to continue to build what we believe is one of the most ambitious ethereum treasury strategies in the public markets. We are targeting significant ETH acquisitions deployed across strategies engineered by Dialectic. We believe this approach, combined with staking income and potential ETH appreciation, has the potential to deliver millions in annual incremental revenue.

Gamesquare has also granted underwriters a 45-day option to purchase up to 7 million additional shares, potentially expanding the raise further. Gamesquare’s move follows a growing trend of publicly listed companies diversifying into digital assets to enhance treasury performance and strategic positioning.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。