GameSquare Don Raise $8M to Start $100M Ethereum Treasury
GameSquare don raise $8 million through public offering so to fund $100 million phased Ethereum treasury. Board don approve staged investment plan. Management dey aim to generate yearly returns of 8–14%, wey pass ETH staking rates of 3–4%, by diversifying into NFTs and stablecoins. Di plan dey backed by Dialectic and dey use Medici platform for automated, risk-adjusted yield generation, dis strategy na to boost financial flexibility. Dis initiative go support more ETH buys, possible share buybacks, and growth initiatives. Underwriters get 45-day option to buy additional 1.26 million shares, showing say market get confidence but e fit dilute existing equity. GameSquare shares rise 58% for Nasdaq after di announcement. Traders suppose note say big ETH accumulation fit reduce market supply and increase volatility especially with regulatory uncertainty. Dis move show say Ethereum dey get institutional adoption as corporate treasury asset.
Bullish
GameSquare announce say dem get $100 million Ethereum treasury strategy, e mean beta tory for ETH. For short term, di company big big ETH buy go reduce di amount wey dey for market, this one go make price go up and e fit cause some wahala as traders go dey change dem position. For long term, as big companies start to use Ethereum as treasury asset, e show say confidence dey for ETH role and e fit attract more corporate buyers wey wan diversify their yield apart from staking. With automated yield from Medici and support from Dialectic, dis trend go support strong demand and price resistance, e strong pass any fear wey get about dilution and regulatory wahala.