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

GameSquare Holdings, Inc.GAMEshares climbed higher after-hours after a $100 millionEthereumETH/USDinvestment 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.This initiative is backed by a strategic partnership withDialectic, a company focused on crypto-native capital management.GameSquare’s Board has given the green light for an Ethereum allocation of up to $100 million. The investments will be phased over time, ensuring adequate working capital for the operating business.See Also:Bitcoin Miner Bit Digital Dumped All Its BTC For ETH—And Isn’t Looking BackWhy It Matters: GameSquare’s move aligns with a nascent but steadily growing trend in the industry.A case in point isBit Digital Inc.BTBT, which recently liquidated itsBitcoinBTC/USDholdingsto focus solely on Ethereum. This strategic pivot was made possible through a capital raise, demonstrating the firm’s strong belief in the future of the Ethereum blockchain.Additionally,BitMine Immersion TechnologiesBMNR, which recently roped in Wall Street veteranTom Leeas chairman, hasadopted ETH as its primary reserve asset.Price Action: At the time of writing, ETH was exchanging hands at $2,605.62, up 2.90% in the last 24 hours, according todata from Benzinga Pro.Shares of GameSquare spiked 6.49% in after-hours trading after exploding 58.8% to $1.540 during Tuesday’s regular trading session.GAME Stock demonstrated a low momentum score—a measure of the stock’s relative strength based on its price movement patterns and volatility over multiple timeframes—as of this writing.Benzinga Edge Stock Rankingscan help you know how it compares to Bitcoin treasury companyStrategy Inc.MSTR.Loading...Loading...Read Next:Trump Media’s New ‘Crypto Blue Chip ETF’ Filing Comes With A TwistPhoto Courtesy: Zakharchuk on Shutterstock.comDisclaimer:This content was partially produced with the help ofBenzinga Neuroand was reviewed and published by Benzinga editors.ETHGrayscale Ethereum Mini Trust (ETH) Common units of fractional undivided beneficial interest$24.602.59%Stock Score Locked: Want to See it?Benzinga Rankings give you vital metrics on any stock – anytime.Reveal Full ScoreEdge RankingsMomentumN/APrice TrendShortMediumLongOverview$BTCBitcoin$108760.74-0.16%$ETHEthereum$2628.410.48%BMNRBitMine Immersion Technologies Inc$113.505.60%BTBTBit Digital Inc$3.768.05%GAMEGameSquare Holdings Inc$1.6469.1%MSTRStrategy$397.200.39%Market News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. . .Posted In:CryptocurrencyNewsMarketsMoversTrading IdeasEthereum TreasuryGameSquarePublic Offering