Through Defi, they intend to obtain returns greater than 8% annual in ETH.
Gamesquare is following a strategy similar to that of Sharplink.
The price of the shares of Gamesquare, media company, entertainment and technology, fired in a matter of hours after their board of directors approved a strategy to acquire up to 100 million dollars in Ether (ETH), the cryptocurrency of the Ethereum Network.
The firm quoted in Nasdaq seeks to implement an ETH investment policy through alliances with specialized managers in digital assets.
The funds will mainly come from a subscribed public offer, in which 8.4 million common shares were sold at a price of $ 0.95 each. The company hopes to raise about 8 million dollars before expenses and commissions.
Gamesquare Indian That most of these resources will be used to promote their ETH performance strategy, which will operate with support from the Dialectic firm, specialized in cryptocurrency capital management
The plan contemplates between 8% and 14% annual yield on ETH funds, well above the current Staking average of Ethereum, which is around 3% or 4%.
To achieve this, the company will use the Medici Dialectic platform, which combines automatic learning models, automation and risk control protocols in multiple layers.
Additionally, other strategies could be explored within the Ethereum ecosystem, such as the use of stablecoins or non -fungible tokens (NFT) to diversify income.
The approval of this initiative by the Board of Directors includes an allocation of up to 100 million dollars in ETH, which will be invested in a staggered manner. The objective is to maintain enough working capital for business operationswithout compromising its liquidity.
After the announcement, the company’s shares, identified with the Game Ticker, They bounced in 63%, going from USD 0.94 to USD 1.64, as can be seen in the following graph:
With this movement, Gamesquare joins a growing trend between quoted companies that adopted eth as part of his corporate treasury.
Sharplink Gaming (Sbet), for example, recently accumulated 322 ETH via Staking, equivalent to more than $ 843,000, and bought another 7,689 ETH during the first week of July, With what reached a total of 205,634 coinsas cryptonotic reports.
Bit Digital is another prominent case. The company, which previously focused on Bitcoin Mining, sold part of its BTC holdings and allocated the total of its treasury to ETH. In total, accumulates 100,603 ETH valued at more than 250 million dollars. Since then, its shares rose more than 150% in the market, going from $ 1.5 to 3.4 in just three months.
