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U.S. company GameSquare announces phased establishment of an Ethereum treasury.
On July 9, GameSquare Holdings, Inc. (NASDAQ: GAME) announced that the board has approved the phased establishment of an Ethereum treasury, with a total amount of up to $100 million. 8,421,054 shares of common stock (or equivalents of common stock) will be sold at a price of $0.95 per share, with total proceeds expected to be approximately $8 million before deducting underwriting discounts and commissions and issuance expenses, as the cost for the establishment of the first phase of the Ethereum treasury.