Developer of web3-focused gaming and esports GameSquare has entered a fiscal strategy, as sanctioned by the company’s board, to invest as much as $100 million in Ethereum. This strategic pivot seeks to open new revenue streams beyond the upcoming Direct Market collapse, find less vulnerable channels outside the more …
The deal is supplemented by GameSquare’s new strategic alliance with Dialectic, a crypto-native capital management firm. Collectively, they’re using Dialectic’s Medici platform to deploy cutting-edge yield strategies. Through this investment, GameSquare is aiming for returns of 8% – 14%.
It gives GameSquare the operational capacity to increase its operating cash flow dramatically. Beyond decreasing dependence on usual revenue sources, it will improve bottom-line profitability. Beyond that, the initiative is intended to help GameSquare further build its decentralized finance expertise.
Today’s announcement reflects the confidence of a proven group of high-quality investors and leaders in decentralized finance. We’ve partnered with one of the world’s top crypto investment firms to generate real, on-chain yield while deepening our expertise in decentralized finance, pursuing new revenue streams, and strengthening our balance sheet. - Justin Kenna, CEO of GameSquare
GameSquare has provided an aggregate of 8,421,054 shares of common stock at $0.95 per share as consideration to fund this investment. The offering is anticipated to result in roughly $8 million USD in gross proceeds.
The expected closing of the investment is on or before July 9, 2025, subject to customary closing conditions. This strategic pivot further exemplifies GameSquare’s dedication to seeking innovative financial solutions through the digital asset ecosystem.
Our crypto strategy reinforces our existing foundation in gaming, technology, and media, and is aligned with the broader trend of institutional adoption of digital assets. - Justin Kenna, CEO of GameSquare
