GameSquare increased its holdings by 8,351 ETH and has obtained an additional $150 million in encryption asset allocation authorization.

On July 22, GameSquare (stock code: GAME) recently purchased approximately 8,351 Ethereum (ETH) at a weighted average price of about $3,592, totaling approximately $30 million. This media and entertainment company listed on NASDAQ announced on Monday that its board has increased the management authorization for its digital asset treasury from the original $100 million to $250 million. As part of this plan, the board also approved a brand new NFT revenue strategy, with an initial allocation of $10 million. The company has also established strategic partnerships with Ryan Zurrer of Dialectic and Rhydon of Goff Capital to jointly manage and optimize its encryption asset treasury project. This updated treasury framework will enable GameSquare to actively deploy capital into high-quality Ether ecosystem assets and achieve sustainable returns of 6% to 10% annually through stablecoin revenue strategies. To date, GameSquare has purchased $35 million worth of ETH within its $250 million authorization limit. As of July 21, the company holds approximately 10,170.74 ETH.