US stock company GameSquare announces phased establishment of Ethereum treasury

BlockBeats News: On July 9th, GameSquare Holdings, Inc. (NASDAQ: GAME) announced that its board of directors has approved the phased establishment of an Ethereum treasury, with a total amount of up to $100 million. 8421054 shares of common stock (or common stock equivalent) will be sold at a price of $0.95 per share, with an expected total revenue of approximately $8 million before deducting underwriting discounts, commissions, and issuance expenses, as part of the first batch of Ethereum treasury establishment fees.