In what could be a brilliant move or a reckless gamble, GameSquare has decided to dabble in the wild world of cryptocurrency by purchasing $5 million worth of Ethereum. This marks the company’s first step toward integrating crypto into its financial strategy through decentralized finance (DeFi)—which, let’s be real, is the trendy thing to do these days, right?
To navigate this brave new world, GameSquare has partnered with Dialectic’s Medici platform, which uses fancy machine learning to target yields between 8% and 14%. Let’s just say, that’s a lot more than what your bank account will offer you if you leave your money there to slowly rot. CEO Justin Kenna, sounding like every CEO ever, says the goal is to generate “strong, risk-adjusted yields” while reinvesting the returns into more ETH purchases, share buybacks, and internal growth. Sounds like the corporate equivalent of buying low, selling high, but with more buzzwords. 🤑
But wait, it gets better! This whole crypto thing follows GameSquare’s recent $9.2 million public offering, which included a fully exercised $1.2 million over-allotment led by Lucid Capital Markets. Yeah, I know, that’s a lot of jargon, but basically it means the company’s balance sheet is looking healthier than your grandmother’s new $3000 handbag. The extra funds will help speed up their crypto strategy rollout—because who doesn’t want to jump on the crypto bandwagon, right?
And GameSquare isn’t alone in this. More companies are starting to make the leap. SharpLink Gaming recently went all in, spending $19.2 million on 7,689 ETH—bringing its total to 205,000 ETH. That’s like being the Elon Musk of Ethereum, but with fewer tweets. Meanwhile, Bit Digital has dumped all of its Bitcoin reserves and put $172 million into Ethereum. Because, why not, right? The future is ETH, apparently.
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2025-07-10 20:03