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Benzinga
Benzinga
Business
Murtuza J Merchant

Remember CryptoPunks? This Public Company Just Traded $5.15 Million Worth Of Stock For A JPEG

Cryptopunk,#7523,Nft,Pixel,Art,Seen,On,Smarphone,And,Part

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.

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