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GameSquare, the Nasdaq-listed Ethereum-holding firm, has acquired a rare CryptoPunk as a treasury asset—paying $5.15 million worth of preferred stock for the cowboy ape CryptoPunk previously owned by Compound founder Robert Leshner.
What’s the Scoop?
- Strategic NFT Purchase: GameSquare issued preferred shares valued at $5 .15 million to acquire a rare ape CryptoPunk NFT, marking one of the first corporate treasury moves into blue‑chip NFTs.
- Treasury Diversification: The NFT joins the company’s growing Ethereum-denominated reserves, complementing its existing ETH treasury and yield-focused strategy.
- Pioneering Path: As public companies seek alternative digital assets, GameSquare sets a precedent for NFTs as digital capital on corporate balance sheets.
