GameSquare to host crypto strategy livestream with industry leaders

FRISCO, Texas - GameSquare Holdings, Inc. (NASDAQ:GAME), whose stock has seen a 22.6% decline over the past week despite a strong 28.6% gain over six months, will host a livestream on Tuesday at 12:00 p.m. ET featuring CEO Justin Kenna alongside newly appointed crypto advisors and investors, according to a press release statement.

The virtual event will include Ryan Zurrer, Founder of Dialectic AG, Robert Leshner, CEO of Superstate, and Rhydon Lee of Goff Capital, who will discuss the company’s recent crypto initiatives.

The livestream comes as GameSquare has recently accelerated its cryptocurrency strategy through several initiatives, including a partnership with Dialectic, plans to scale its Ethereum treasury to $250 million, and the acquisition of a CryptoPunk NFT.

During the event, speakers will outline GameSquare’s approach to cryptocurrency treasury management and explain how these initiatives align with the company’s core business of connecting mainstream players to digital-native audiences.

GameSquare describes itself as a media, entertainment, and technology company focused on reaching younger generations through its platform that includes creative services, analytics, and ownership of gaming organization FaZe Clan. With a market capitalization of $108 million and annual revenue of $99.6 million, the company is preparing to report its next earnings on August 14.

The company operates what it calls a blockchain-native Ethereum treasury management program designed to generate on-chain yield while enhancing capital efficiency.

The livestream will be accessible through the company’s investor relations website.

In other recent news, GameSquare Holdings, Inc. announced the pricing of its $70 million public offering, aiming to boost its Ethereum holdings. The offering involves 46,666,667 shares of common stock priced at $1.50 per share, with the potential to raise up to $80.5 million if the overallotment option is fully exercised. This move aligns with GameSquare’s strategy to expand its digital asset treasury, which recently increased from $100 million to $250 million. As part of this expansion, the company acquired $30 million worth of Ethereum, adding approximately 8,351.89 ETH to its portfolio.

In another development, GameSquare has regained compliance with Nasdaq’s minimum bid price requirement, maintaining a closing bid price of $1.00 or more for at least 10 consecutive business days. Furthermore, the company made its first direct NFT investment by acquiring a rare "Cowboy Ape" CryptoPunk NFT from Robert Leshner for $5.15 million in preferred stock. This acquisition is part of GameSquare’s blockchain treasury strategy, targeting stablecoin returns.

These recent developments reflect GameSquare’s commitment to enhancing its presence in the digital asset space. Additionally, the company has engaged Lucid Capital Markets as the sole book-running manager for its public offering, although the completion and terms of the offering remain subject to market conditions.

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