GameSquare spends $5 million to buy 1,818.84 ETH to support its Ethereum treasury

Odaily News Nasdaq-listed GameSquare announced that it has spent $5 million to buy 1,818.84 ETH to support its Ethereum treasury. The company previously announced that it would establish an Ethereum treasury with a total amount of up to $100 million in stages. As the first round of funding arrangements, the company will issue 8,421,054 shares of common stock or its equivalent securities at a price of $0.95 per share, and it is expected to raise approximately $8 million before deducting related expenses. (Chainwire)