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GameSquare completed a $8 million fundraising and plans to launch an Ethereum fund management strategy.
According to Mars Finance, media and technology company GameSquare (NASDAQ: GAME) announced the completion of a $8 million fundraising to initiate its Ethereum fund management strategy. According to the announcement, this round of financing was completed through a firm commitment public offering, with an issuance price of $0.95 per share, totaling 8,421,054 shares of common stock. The company's board has approved a phased investment plan in Ethereum of up to $100 million, while also reserving sufficient operating capital for daily operations.