GameSquare expands its digital asset treasury to $250 million, holding over 10,000 ETH.

[Chain News] On July 22, it was reported that GameSquare, a media entertainment company listed on NASDAQ (stock code GAME), announced that it has increased its digital asset treasury management authorization from $100 million to $250 million. The company recently purchased 8,351 ETH at an average price of $3,592 (worth approximately $30 million), bringing its total Ethereum Holdings to 10,170.74 ETH. As part of the new treasury plan, the board approved a strategy for NFT earnings from an initial fund of $10 million, and established strategic partnerships with Ryan Zurrer of Dialectic and Rhydon of Goff Capital. The company stated it will focus on allocating high-quality Ethereum ecosystem assets, aiming to achieve a stablecoin yield of 6%-10%. GameSquare CEO Justin Kenna said the company is among the first publicly listed companies to incorporate NFTs into a diversified digital asset strategy. Earlier this month, the company's board approved a $100 million Ethereum treasury plan, leading to a significant rise in its stock price, and last week it completed a $70 million public offering to increase its ETH holdings.