GameSquare Holdings, a media, entertainment, and technology company, has successfully raised $70 million by selling over 46 million shares of its stock at $1.50 per share. This is part of a larger strategy to grow its Ethereum (ETH) holdings.
The company said it plans to use most of the money from this offering to buy more Ethereum and build an aggressive crypto treasury strategy. It has partnered with Dialectic, a global leader in crypto fund management, to help manage these ETH assets and generate income through methods like staking and yield farming. These methods have historically delivered returns between 8% and 14%.
According to CEO Justin Kenna, this move is a major step forward. He said, “Our goal is to transform a traditional treasury function into a high-performance business vertical generating durable, recurring cash flows.” He added that this strategy, combined with staking rewards and potential ETH price growth, could bring in millions in extra yearly income. That money can then be used to buy more ETH and support the company’s overall growth plans.
GameSquare also mentioned that there is a 15% overallotment option. If the demand is high and this option is fully used, the total amount raised could reach $80.5 million. When added to the $9.2 million they raised just last week, the total capital raised in a short time exceeds $90 million.
The company expects this ETH-focused strategy will bring in millions in annual income, which can then be reinvested to buy even more ETH or support other business growth plans.
GameSquare has given the underwriter a 45-day option to buy up to 7 million more shares at the offering price. The offering is expected to officially close on July 18, 2025, and Lucid Capital Markets is acting as the sole bookrunner for the deal.
Also Read: GameSquare Stock (GAME) Spikes 60% After ETH Treasury Approval
