Gamesquare has completed a $70 million public offering to boost its ethereum holdings, aligning with its strategic partnership with crypto investment firm Dialectic.
$70 Million Public Offering to Fund Big Bet on ETH by Gamesquare
Gamesquare Holdings, Inc. (NASDAQ: GAME) has completed a $70 million underwritten public offering, selling 46.7 million shares at $1.50 each. According to the announcement, the offering is aimed at fueling the company’s ethereum accumulation strategy, developed in partnership with crypto-native asset manager Dialectic.
The capital raise signals Gamesquare’s shift toward digital asset treasury management, leveraging Dialectic’s expertise in crypto yield generation. The company confirmed that a significant portion of proceeds will be used to grow its ETH holdings, in line with a broader push into web3 finance and blockchain infrastructure.
Justin Kenna, CEO of Gamesquare, spoke about the pivotal milestone for the company.
This raise enables us to move with speed and scale to continue to build what we believe is one of the most ambitious ethereum treasury strategies in the public markets. We are targeting significant ETH acquisitions deployed across strategies engineered by Dialectic. We believe this approach, combined with staking income and potential ETH appreciation, has the potential to deliver millions in annual incremental revenue.
Gamesquare has also granted underwriters a 45-day option to purchase up to 7 million additional shares, potentially expanding the raise further. Gamesquare’s move follows a growing trend of publicly listed companies diversifying into digital assets to enhance treasury performance and strategic positioning.
Source: Bitcoin
