
GameSquare (NASDAQ:GAME) has acquired CryptoPunk #5577 — one of the rarest and most culturally important NFTs — from Compound founder and Superstate CEO Robert Leshner, issuing $5.15 million worth of preferred stock in the exchange.
The purchase was executed through the issuance of GameSquare preferred shares convertible to common stock at $1.50 per share, officially making Leshner a shareholder in the public company.