TechFlow news, July 22 — According to The Block, GameSquare (NASDAQ: GAME), a publicly traded company, announced that its board of directors has increased the authorized size of its digital asset treasury from $100 million to $250 million. As part of this initiative, the company recently acquired approximately 8,351 ether (ETH) at an average price of $3,592, totaling $30 million. Additionally, the board approved an NFT yield strategy with an initial allocation of $10 million and established strategic partnerships with Ryan Zurrer of Dialectic and Rhydon of Goff Capital to manage and optimize its crypto treasury. GameSquare currently holds approximately 10,170.74 ETH and is among the first public companies to incorporate NFTs into a diversified digital asset strategy. CEO Justin Kenna stated that the new treasury framework will enable the company to actively deploy capital into high-quality Ethereum assets, targeting stablecoin-denominated yield returns between 6% and 10%.
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