GameSquare Approves Stock Buyback Program Funded by Ethereum Yield Proceeds

Core Insights - GameSquare Holdings, Inc. has initiated its Ethereum treasury strategy, purchasing 2,717 ETH for $10 million, increasing total holdings to 15,630.07 ETH [1] - The company aims for annualized yields of 8% to 14% through its partnership with Dialectic, marking a shift from passive asset management to income generation [3][4] Treasury Strategy - The Ethereum treasury strategy is a central element of GameSquare's crypto-native initiative, with a total authorization of up to $250 million for this strategy [4] - The company has launched a stock repurchase program, allowing for the buyback of up to $5 million in common stock, funded by net proceeds from the onchain yield platform [2] Capital Allocation - CEO Justin Kenna emphasized a disciplined approach to capital allocation, stating that net income from the Ethereum yield strategy will be used for stock buybacks if shares trade below $1.50 [3] - Over $60 million has been deployed in ETH and NFT purchases, focusing on transforming Ethereum into a recurring revenue source [4] Company Overview - GameSquare is positioned as a next-generation media, entertainment, and technology company, targeting Gen Z, Gen Alpha, and Millennial audiences [5] - The company operates one of the largest gaming media networks in North America and is committed to enhancing capital efficiency through its blockchain-native treasury management program [5]