GameSquare spent $5 million to acquire 1818.84 ETH to support its Ethereum treasury.

Odaily News Nasdaq-listed GameSquare announced that it has spent $5 million to acquire 1,818.84 ETH to support its Ethereum treasury. The company previously announced plans to gradually establish an Ethereum treasury with a total amount of up to $100 million. As part of the initial funding arrangements, the company will issue 8,421,054 shares of common stock or equivalent securities at a price of $0.95 per share, with expected gross proceeds of approximately $8 million before related expenses. (Chainwire)

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