GameSquare has approved a $100 million investment in Ethereum as part of a new treasury plan, in partnership with crypto investment firm Dialectic.
This move has caused GameSquare's stock to surge by 58.76% and sparked excitement in the crypto and financial markets.
The investment is seen as a vote of confidence in Ethereum, leading to a short-term price increase to $2,609.65, with further gains over the past week.
While the announcement has boosted ETH's price in the short term, sustained growth will depend on regulatory developments and the success of GameSquare's yield strategies.