<ul data-eligibleForWebStory="false"><li>GameSquare's board approved a $100M phased investment into Ethereum, supported by an $8M public offering underwritten by investors with guidance from crypto firm Dialectic.</li><li>CEO Justin Kenna aims to enhance financial flexibility, pursue on-chain yield, new revenue streams, share buybacks, and DeFi expertise through the move.</li><li>Following the announcement, GameSquare's shares surged nearly 60% as the price of Ethereum rose to $2,780, reflecting a broader trend of publicly traded companies entering the Ethereum space.</li><li>The news highlights GameSquare's strategic shift towards Ethereum investments and the positive market response, with shares closing at $2.16 and the company's market cap surpassing $84.5M.</li></ul>

GameSquare Shares Surge as Board Greenlights $100M Ethereum Treasury

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