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Benzinga
Benzinga
Business
Aniket Verma

GameSquare Shares Spike 6% In After-Hours Trading After Company Approves $100 Million Investment In Ethereum

Game GameSquare Ethereum Bitcoin
Eth,Coin,With,Blurred,Candlestick,Chart,In,The,Background.,Ethereum

GameSquare Holdings, Inc. (NASDAQ:GAME) shares climbed higher after-hours after a $100 million Ethereum (CRYPTO: ETH) investment announcement spurred a 58% rally on Tuesday.

What Happened: The firm disclosed the pricing details of its underwritten public offering for the sale of 8.42 million shares of common stock at $0.95 per share. The majority of the proceeds will be used to accelerate its Ethereum-based treasury strategy, it said in a press release.

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