GameSquare Holdings announced a $100 million Ethereum-based treasury strategy, marking a significant shift in its financial approach.
The strategy involves collaborating with Dialectic for on-chain yield generation, aiming for higher returns than traditional Ethereum staking.
It includes plans for diversification into stablecoins and NFTs to enhance yield potential and risk management, signaling a focus on DeFi engagements.
Following the announcement, GameSquare's market value surged by 58.76%, closing at $1.54 on the Nasdaq, reflecting investor confidence in the company's crypto-oriented pivot.