Unexpected Turnaround: GAME Stock Sees Dramatic Shift Following $70M Public Offering Announcement
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**GameSquare Holdings (GAME) Stock: Crashes Then Climbs on Bold $70M Ethereum Treasury and Public Offering**
In a shocking turn of events, GameSquare Holdings (GAME) stock experienced a sudden crash followed by a rapid recovery. The company’s recent announcement regarding a $70 million public offering has left investors reeling, but the unexpected surge in price has many wondering what’s behind this dramatic shift.
The $70 million raised will be used to bolster its digital asset initiative by expanding its Ethereum treasury and on-chain revenue strategies. This bold move places GameSquare among top corporate holders of ETH, a significant departure from traditional treasury models. The company aims to transform its treasury into a cash-generating unit that contributes to long-term financial growth.
According to the latest data available, GAME stock plummeted 30% during regular trading hours, only to rebound by 14.45% in after-hours trading, closing at $1.83 per share. This dramatic shift has raised eyebrows among market analysts and crypto enthusiasts alike.
The company’s partnership with Dialectic, a Swiss-based crypto capital manager, will be instrumental in guiding its Ethereum deployment strategies. The latter is known for yielding between 8-14% annual returns through on-chain operations and staking.
Source: coincentral.com
