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GameSquare Greenlights $100M Ethereum Strategy, Eyes Up to 14% Yield via DeFi Alliance
In a groundbreaking move, GameSquare Holdings has announced the allocation of up to $100 million in Ethereum-based treasury investments, marking a significant pivot towards decentralized finance (DeFi). This innovative approach is designed to generate yields between 8-14%, significantly outpacing traditional ETH staking returns.
The company’s CEO, Justin Kenna, emphasized that this decision represents more than just an investment choice; it signifies a bold step forward in financial innovation. By partnering with Dialectic, a Swiss-based cryptocurrency capital firm renowned for its institutional-grade approach to DeFi, GameSquare will leverage the Medici platform to optimize its on-chain strategy.
In contrast to traditional treasury yields that have stagnated and fiat devaluation continues to erode corporate reserves, this move is meant to provide an alternative capital structure. Similar experiments in the past by firms such as MicroStrategy (utilizing Bitcoin) and Meitu (investing in Ethereum and BTC), GameSquare’s initiative stands out due to its proactive approach of actively utilizing ETH to earn yield in DeFi protocols.
The allocation process will begin with a public offering, which has already raised $8 million through the sale of 8.42 million shares at $0.95 each. This initial sum will be used as an initial tranche for GameSquare’s multi-stage crypto strategy.
Source: www.cryptoninjas.net
