Latest news with #JustinKenna
Yahoo
2 days ago
- Business
- Yahoo
GameSquare Expands Crypto Treasury Program to $250 Million
Increases Ethereum treasury holdings to approximately $38 million, with recent $30 million purchase Launches NFT yield program creating one of the first treasury management strategies to leverage digital assets within the Ethereum ecosystem targeting an expected annualized return of 6%-10% FRISCO, Texas, July 21, 2025 /PRNewswire/ -- — GameSquare Holdings, Inc. (Nasdaq: GAME) (the "Company" or "GameSquare") a next-generation media, entertainment, and technology company, today announced that its Board of Directors has increased the Company's digital asset treasury management authorization from $100 million to $250 million. As part of the expanded program, the Board has approved a new NFT yield strategy, with an initial $10 million allocation. The updated treasury framework enables the Company to actively deploy capital into high-quality Ethereum-based assets and generate sustainable stablecoin yields targeting a 6–10% return. "We believe this moment marks the future of capital strategy for modern media companies, after months of planning and diligence. We're not just holding Ethereum, we're putting it to work in a proprietary way with best-in-class partners. With Dialectic as our partner, we're building a dynamic treasury engine designed to generate real onchain yield that funds innovation across our exclusive platform. This isn't a hedge, it's a multi-year growth strategy focused on creating significant shareholder value," said Justin Kenna, CEO of GameSquare. ETH Holdings UpdateGameSquare recently purchased $30 million of ETH, acquiring approximately 8,351.89 ETH at a weighted average price of approximately $3,592 per ETH. To date, GameSquare has purchased $35 million of ETH under its $250 million authorization. The Company currently has approximately 10,170.74 ETH as of July 21, 2025. NFT Strategy LaunchGameSquare's NFT strategy will focus on Ethereum-native digital assets that align with its creative DNA, including culturally iconic digital art and collectibles. Rather than passively holding crypto assets, the Company is emphasizing capital efficiency and utilizing DeFi protocols to unlock stablecoin yield while enhancing the long-term value of its ETH holdings. To ensure strong oversight, GameSquare has implemented a dedicated digital asset investment committee reporting to the Board. All allocations are reviewed for compliance, security, and valuation integrity. The Company does not engage in related-party transactions and has strict internal controls in place for digital asset custody and liquidity management. "We are excited to be among the first public companies to include NFTs as part of a diversified digital asset strategy. This reflects the innovative approach to our treasury management initiatives. With deep experience building in-game and real-world creative environments, GameSquare is uniquely positioned to understand the cultural and economic value of these digital assets," Kenna continued. Increased AuthorizationThe Company's Board of Directors has increased its crypto treasury management authorization from $100 million to $250 million, as a result of the program's mounting success. The Company has formed a strategic partnership with leaders in the crypto space including Ryan Zurrer of Dialectic and Rhydon Lee of Goff Capital to manage and optimize its treasury management program. "Our crypto strategy complements GameSquare's broader strategic growth plan and aligns with the growing institutional adoption of Ethereum-based assets. GameSquare isn't just trying to get involved in an arms race of who can acquire the most ETH for the sake of acquiring ETH. Our growth strategy is focused on innovation and leveraging our established digital, media and creative operations. In addition, our treasury program strengthens our balance sheet while building the potential for recurring cash flow from a rapidly evolving asset class. We are excited to report on our growing success," Kenna concluded. GameSquare's custom ETH-focused yield generation strategy is built on top of Dialectic's proprietary platform Medici, which applies machine learning models, automated optimization, and multi-layered risk controls to generate best-in-class risk-adjusted returns. Targeted onchain yields of 8-14% significantly exceed the current ETH staking benchmarks of 3-4%. Dialectic's program includes multi-layered risk management protocols that are widely recognized as the best risk adjusted yields in DeFi. Once fully implemented, GameSquare expects to allocate capital generated from this strategy to support additional ETH asset purchases or reinvest in the Company's growth initiatives. About GameSquare Holdings, (NASDAQ: GAME) is a cutting-edge media, entertainment, and technology company transforming how brands and publishers connect with Gen Z, Gen Alpha, and Millennial audiences. With a platform that spans award-winning creative services, advanced analytics, and FaZe Clan, one of the most iconic gaming organizations, we operate one of the largest gaming media networks in North America. Complementing our operating strategy, GameSquare operates a blockchain-native Ethereum treasury management program designed to generate onchain yield and enhance capital efficiency, reinforcing our commitment to building a dynamic, high-performing media company at the intersection of culture, technology, and next-generation financial innovation. To learn more, visit Forward-Looking Statements:This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, to: the Company's future performance, revenue, growth and profitability; and the Company's ability to execute on its current and future business plans. These forward-looking statements are provided only to provide information currently available to us and are not intended to serve as and must not be relied on by any investor as, a guarantee, assurance or definitive statement of fact or probability. Forward-looking statements are necessarily based upon a number of estimates and assumptions which include, but are not limited to: the Company's ability to grow its business and being able to execute on its business plans, the success of Company's vendors and partners in their provision of services to the Company, the Company being able to recognize and capitalize on opportunities and the Company continuing to attract qualified personnel to supports its development requirements. These assumptions, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: the Company's ability to achieve its objectives, the Company successfully executing its growth strategy, the ability of the Company to obtain future financings or complete offerings on acceptable terms, failure to leverage the Company's portfolio across entertainment and media platforms, dependence on the Company's key personnel and general business, economic, competitive, political and social uncertainties. These risk factors are not intended to represent a complete list of the factors that could affect the Company which are discussed in the Company's most recent MD&A. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. GameSquare assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law. View original content to download multimedia: SOURCE GameSquare
Scoop
4 days ago
- Business
- Scoop
GameSquare Buys $5M Ethereum For Treasury Strategy
DALLAS, Texas – [July 14, 2025] – GameSquare Holdings, Inc. (NASDAQ: GAME), a next-generation media, entertainment, and technology company, recently announced that it has completed a $5 million purchase of Ethereum (ETH) as part of its recently unveiled $100 million digital asset treasury strategy. The initiative reflects the company's broader push to integrate blockchain technology into its core business and treasury operations, positioning itself at the forefront of Web3 innovation within the digital media landscape. GameSquare made the acquisition as the first step in what it calls a 'strategic and intentional allocation' of corporate reserves toward digital assets, including Ethereum. The ETH purchase was facilitated in collaboration with Dialectic, a global leader in crypto-native capital management and one of the firm's key strategic partners. Dialectic is set to provide advisory and infrastructure support as GameSquare transitions portions of its treasury management from traditional assets to crypto-backed reserves. 'This $5 million Ethereum purchase isn't just a one-off investment,' said Justin Kenna, CEO of GameSquare. 'It's the beginning of a long-term strategy to explore decentralized financial infrastructure while expanding shareholder value through forward-looking treasury diversification.' The move comes amid growing interest from public companies in holding digital assets on their balance sheets as a hedge against currency debasement and as a bet on the expanding utility of decentralized technologies. GameSquare's initiative is especially noteworthy given its position as a crossover brand at the intersection of gaming, media, sports, and entertainment — sectors already seeing massive disruption and innovation from blockchain applications. GameSquare's ETH acquisition aligns with a larger $100 million capital allocation framework that will be deployed over several quarters. The company aims to incrementally acquire ETH and other digital assets while actively integrating blockchain-based services across its platforms. According to company officials, the strategy will also enable GameSquare to test Web3 tools like tokenized loyalty systems, digital identity management, and smart contract automation in live environments. 'Our audience is natively digital, and we're building for a future where ownership and experience go hand in hand,' said Kenna. 'Ethereum provides the infrastructure to support this vision.' The announcement follows closely on the heels of GameSquare's $8 million underwritten public offering, the proceeds of which are expected to fund the Ethereum-focused treasury shift. Investors responded positively to the treasury update, viewing the move as a bold bet on long-term growth and technological relevance. Dialectic, GameSquare's strategic partner in this initiative, is known for guiding institutions through the complexities of Web3 exposure. Their role in helping GameSquare develop and execute the treasury playbook will likely reduce operational friction and enhance security, two key concerns for public companies entering the digital asset space. The partnership is also expected to include ongoing oversight, dynamic rebalancing of crypto assets, and implementation of risk mitigation protocols — including cold storage and multi-signature authorization models — to meet the compliance standards of a publicly traded entity. GameSquare's leadership emphasized that the strategy will be evaluated continuously based on market conditions, technological progress, and shareholder interests. While ETH is the initial focus, the company has not ruled out diversification into other blockchain assets, NFTs, or decentralized finance instruments. As more companies seek relevance in a digital-first world, GameSquare's Ethereum treasury strategy may signal a wider shift in how media companies manage and leverage corporate capital.
Yahoo
6 days ago
- Business
- Yahoo
GameSquare ETH Strategy Quickens With $70 Million Offering
By Exec Edge Editorial Staff GameSquare Holdings (NASDAQ: GAME) said it completed a $70 million public offering, fueling a major expansion into decentralized finance with the launch of a $100 million Ethereum-based treasury strategy. The capital raise significantly exceeded earlier expectations and provides the financial runway for GameSquare to invest in Ethereum (ETH) over time through a staged, risk-managed approach, it said. The strategy is designed to generate 8–14% annual yields, far outpacing traditional ETH staking returns of 3–4%. The move positions GameSquare, a media, entertainment and technology company, among the first publicly traded companies to deploy a large-scale, on-chain corporate treasury—a signal of growing institutional confidence in decentralized finance. 'This raise marks a pivotal milestone for GameSquare,' said Justin Kenna, CEO of GameSquare. 'It 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.' GameSquare is partnering with crypto-native asset manager Dialectic, using its Medici platform to allocate capital across multiple Ethereum-based yield opportunities—ranging from staking and lending to liquidity provisioning and token incentives, it said. Dialectic's platform incorporates machine learning, real-time optimization, and layered risk controls. GameSquare's board has authorized the ETH investment strategy to scale over time, with flexible pacing based on market conditions and risk exposure, it said. Management sees the initiative as a way to diversify cash holdings, enhance financial returns, and strengthen the company's position in digital innovation. READ MORE GameSquare Unveils $100M Ethereum Strategy, Raises $8M in Public Offering Register for our weekly newsletter Contact: Exec Edge Editor@ Click to follow us on LinkedIn Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10-07-2025
- Business
- Yahoo
GameSquare Completes $5 Million Ethereum Purchase as Part of $100 Million Treasury Strategy
FRISCO, TX, United States of America, July 10th, 2025, Chainwire1,818.84 Ethereum Acquired at a Weighted Average Price of $2,749 per Ethereum Over-Allotment Option Exercised, Bringing Total Gross Proceeds to $9.2 Million from Recent Offering GameSquare Holdings, Inc. (Nasdaq: GAME) (the 'Company' or 'GameSquare') a next-generation media, entertainment, and technology company, today announced it has completed a $5 million purchase of Ethereum (ETH), acquiring approximately 1,818.84 ETH at a weighted average price of $2,749 per ETH. This marks the first deployment under the Company's $100 million Ethereum treasury authorization, aimed at building a differentiated, crypto-native treasury management strategy. 'This marks an inflection point in GameSquare's strategic evolution as we activate our Ethereum-native treasury strategy,' said Justin Kenna, CEO of GameSquare. 'In partnership with Dialectic and Ryan Zurrer, we are leveraging Medici, Dialectic's proprietary platform that combines machine learning, automated optimization, and multi-layered risk controls, to target best-in-class risk-adjusted yields of 8–14%, well above current staking benchmarks of 3–4%.' The Company's ETH-focused treasury program is designed to generate sustainable, risk-adjusted yield through decentralized finance protocols and Ethereum ecosystem assets. Medici's platform is known for its advanced risk management and performance monitoring, making it a strong foundation for scalable treasury deployment. In addition, GameSquare announced that Lucid Capital Markets, sole book-running manager for the Company's previously announced underwritten public offering, has exercised its full over-allotment option. Lucid purchased an additional 1,263,157 shares (or common stock equivalents) at the public offering price, less underwriting discounts and commissions. This brings total gross proceeds from the offering to approximately $9.2 million, including $1.2 million from the over-allotment exercise, prior to deducting offering-related expenses. 'We're encouraged by the support from a high-caliber group of investors and decentralized finance leaders who share our long-term vision. With a $100 million ETH authorization in place and momentum building, we are committed to executing a disciplined, forward-looking strategy,' concluded Mr. Kenna. Once fully implemented, GameSquare expects to allocate capital generated from this strategy to support additional ETH asset purchases, fund a potential share repurchase program or reinvest in the Company's growth initiatives. About GameSquare Holdings, Inc. GameSquare's (NASDAQ: GAME) mission is to revolutionize the way brands and game publishers connect with hard-to-reach Gen Z, Gen Alpha, and Millennial audiences. Our next generation media, entertainment, and technology capabilities drive compelling outcomes for creators and maximize our brand partners' return on investment. Through our purpose-built platform, we provide award winning marketing and creative services, offer leading data and analytics solutions, and amplify awareness through FaZe Clan Esports, one of the most prominent and influential gaming organizations in the world. With one of the largest gaming media networks in North America, as verified by Comscore, we are reshaping the landscape of digital media and immersive entertainment. To learn more, users visit Forward-Looking Statements: This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward- looking statements") within the meaning of the applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, to: the Company's future performance, revenue, growth and profitability; and the Company's ability to execute on its current and future business plans. These forward-looking statements are provided only to provide information currently available to us and are not intended to serve as and must not be relied on by any investor as, a guarantee, assurance or definitive statement of fact or probability. Forward-looking statements are necessarily based upon a number of estimates and assumptions which include, but are not limited to: the Company's ability to grow its business and being able to execute on its business plans, the success of Company's vendors and partners in their provision of services to the Company, the Company being able to recognize and capitalize on opportunities and the Company continuing to attract qualified personnel to supports its development requirements. These assumptions, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: the Company's ability to achieve its objectives, the Company successfully executing its growth strategy, the ability of the Company to obtain future financings or complete offerings on acceptable terms, failure to leverage the Company's portfolio across entertainment and media platforms, dependence on the Company's key personnel and general business, economic, competitive, political and social uncertainties. These risk factors are not intended to represent a complete list of the factors that could affect the Company which are discussed in the Company's most recent MD&A. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. GameSquare assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law. GameSquare Corporate Contact Lou Schwartz, President Phone: (216) 464-6400 Email: ir@ GameSquare Investor Relations Andrew Berger Phone: (216) 464-6400 Email: ir@ GameSquare Media Relations Chelsey Northern / The Untold Phone: (254) 855-4028 Email: pr@ SchwartzGameSquare Holdings, Permalink | © Copyright 2025 All rights reserved Sign in to access your portfolio
Business Insider
10-07-2025
- Business
- Business Insider
GameSquare Completes $5 Million Ethereum Purchase as Part of $100 Million Treasury Strategy
FRISCO, TX, United States of America, July 10th, 2025, Chainwire 1,818.84 Ethereum Acquired at a Weighted Average Price of $2,749 per Ethereum Over-Allotment Option Exercised, Bringing Total Gross Proceeds to $9.2 Million from Recent Offering GameSquare Holdings, Inc. (Nasdaq: GAME) (the 'Company' or 'GameSquare') a next-generation media, entertainment, and technology company, today announced it has completed a $5 million purchase of Ethereum (ETH), acquiring approximately 1,818.84 ETH at a weighted average price of $2,749 per ETH. This marks the first deployment under the Company's $100 million Ethereum treasury authorization, aimed at building a differentiated, crypto-native treasury management strategy. 'This marks an inflection point in GameSquare's strategic evolution as we activate our Ethereum-native treasury strategy,' said Justin Kenna, CEO of GameSquare. 'In partnership with Dialectic and Ryan Zurrer, we are leveraging Medici, Dialectic's proprietary platform that combines machine learning, automated optimization, and multi-layered risk controls, to target best-in-class risk-adjusted yields of 8–14%, well above current staking benchmarks of 3–4%.' The Company's ETH-focused treasury program is designed to generate sustainable, risk-adjusted yield through decentralized finance protocols and Ethereum ecosystem assets. Medici's platform is known for its advanced risk management and performance monitoring, making it a strong foundation for scalable treasury deployment. In addition, GameSquare announced that Lucid Capital Markets, sole book-running manager for the Company's previously announced underwritten public offering, has exercised its full over-allotment option. Lucid purchased an additional 1,263,157 shares (or common stock equivalents) at the public offering price, less underwriting discounts and commissions. This brings total gross proceeds from the offering to approximately $9.2 million, including $1.2 million from the over-allotment exercise, prior to deducting offering-related expenses. 'We're encouraged by the support from a high-caliber group of investors and decentralized finance leaders who share our long-term vision. With a $100 million ETH authorization in place and momentum building, we are committed to executing a disciplined, forward-looking strategy,' concluded Mr. Kenna. Once fully implemented, GameSquare expects to allocate capital generated from this strategy to support additional ETH asset purchases, fund a potential share repurchase program or reinvest in the Company's growth initiatives. About GameSquare Holdings, Inc. GameSquare's (NASDAQ: GAME) mission is to revolutionize the way brands and game publishers connect with hard-to-reach Gen Z, Gen Alpha, and Millennial audiences. Our next generation media, entertainment, and technology capabilities drive compelling outcomes for creators and maximize our brand partners' return on investment. Through our purpose-built platform, we provide award winning marketing and creative services, offer leading data and analytics solutions, and amplify awareness through FaZe Clan Esports, one of the most prominent and influential gaming organizations in the world. With one of the largest gaming media networks in North America, as verified by Comscore, we are reshaping the landscape of digital media and immersive entertainment. To learn more, users visit Forward-Looking Statements: This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward- looking statements") within the meaning of the applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, to: the Company's future performance, revenue, growth and profitability; and the Company's ability to execute on its current and future business plans. These forward-looking statements are provided only to provide information currently available to us and are not intended to serve as and must not be relied on by any investor as, a guarantee, assurance or definitive statement of fact or probability. Forward-looking statements are necessarily based upon a number of estimates and assumptions which include, but are not limited to: the Company's ability to grow its business and being able to execute on its business plans, the success of Company's vendors and partners in their provision of services to the Company, the Company being able to recognize and capitalize on opportunities and the Company continuing to attract qualified personnel to supports its development requirements. These assumptions, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: the Company's ability to achieve its objectives, the Company successfully executing its growth strategy, the ability of the Company to obtain future financings or complete offerings on acceptable terms, failure to leverage the Company's portfolio across entertainment and media platforms, dependence on the Company's key personnel and general business, economic, competitive, political and social uncertainties. These risk factors are not intended to represent a complete list of the factors that could affect the Company which are discussed in the Company's most recent MD&A. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. GameSquare assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law. Lou Schwartz, President Phone: (216) 464-6400 Email: ir@ GameSquare Investor Relations Andrew Berger Phone: (216) 464-6400 Email: ir@ GameSquare Media Relations Chelsey Northern / The Untold Phone: (254) 855-4028 Contact President Lou Schwartz
