Public company GameSquare completes $70 million public fundraising to increase ETH holdings

according to PRNewswire, the publicly traded gaming and entertainment technology company GameSquare Holdings, Inc. (NASDAQ: GAME) announced the completion of a $70 million public offering, selling approximately 46.67 million shares of common stock at a price of $1.50 per share.

The company plans to use most of the raised funds to significantly increase its Ethereum (ETH) holdings. GameSquare CEO Justin Kenna stated that this financing is an important milestone for the company, enabling it to rapidly scale and create one of the most ambitious Ethereum treasury strategies in the public market.