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GameSquare Acquires Iconic Cowboy Ape CryptoPunk from DeFi Pioneer Robert Leshner
Prnewswire· 2025-07-24 13:00
Core Insights - GameSquare Holdings, Inc. has made a strategic investment by purchasing a rare "Cowboy Ape" CryptoPunk NFT from Robert Leshner for $5.15 million in preferred stock, marking its first direct NFT investment [1][2][3] - The acquisition is part of GameSquare's blockchain-native brand and treasury strategy, which aims for annualized stablecoin returns of 6-10% [1][5] - GameSquare's Ethereum treasury holdings have increased to over $52 million, following a recent $10 million purchase of approximately 2,742.75 ETH [1][7] Investment Strategy - The NFT yield program targets an expected annualized return of 6-10% by leveraging digital assets within the Ethereum ecosystem [5] - GameSquare plans to utilize CryptoPunks for marketing, community building, and potential licensing opportunities, enhancing its Web3 strategy [5] - The company has formed strategic partnerships with leaders in the crypto space to manage and optimize its treasury management program [8] Asset Management - GameSquare's ETH-focused yield generation strategy is built on Dialectic's proprietary platform, aiming for onchain yields of 8-14%, significantly higher than current ETH staking benchmarks [9] - The company has authorized $250 million for its crypto treasury management strategy, with $45 million already invested in ETH [7][8] - Once fully implemented, capital generated from the yield strategy is expected to support additional ETH purchases or reinvest in growth initiatives [10] Leadership and Vision - Justin Kenna, CEO of GameSquare, expressed excitement about the NFT investment and the partnership with Robert Leshner, highlighting the company's forward-thinking strategy in onchain finance [2][3] - The acquisition of the CryptoPunk is seen as a strategic investment and a statement of intent regarding the long-term value of digital identity and decentralized ownership [4]
X @BSCN
BSCN· 2025-07-23 01:30
Onchain Finance & Real-World Assets - Ondo Finance is quietly building the future of Onchain Finance [1] - Focus on Real-world assets (RWA) [1] Ecosystem & Integrations - DAO governance is part of the Ondo ecosystem [1] - Integrations with J P Morgan and Chainlink are key components [1] - The ONDO ecosystem is bigger than perceived [1]
X @BSCN
BSCN· 2025-07-22 15:31
Onchain Finance & Real-World Assets - Ondo Finance is quietly building the future of onchain finance [1] - Focus on real-world assets (RWAs) [1] Ecosystem & Integrations - DAO governance is a key component [1] - Integrations with J P Morgan and Chainlink are significant [1] - The ONDO ecosystem is larger than perceived [1]
Eyenovia Adds $10 Million in HYPE to its Treasury Holdings in Preparation for Strategic Onchain Engagement
Globenewswire· 2025-06-30 12:00
Core Insights - Eyenovia, Inc. has increased its total holdings of HYPE tokens to 1,306,452 by acquiring an additional 265,872 tokens at an average price of $34.83 each [1][2] - The company aims to leverage its HYPE holdings to participate in ecosystem growth initiatives and generate yield at the protocol level [2][5] - HYPE is the native token of the Hyperliquid platform, which is designed for high-frequency trading and includes features like on-chain perpetual futures and spot order books [3][4] Company Overview - Eyenovia is a pioneering digital ophthalmic technology company and the first publicly listed U.S. company to build a strategic treasury of HYPE [5] - The company is focused on revolutionizing topical eye treatment while providing shareholders with access to the Hyperliquid ecosystem, which is noted for its rapid growth and high revenue generation [5] - Eyenovia is also developing the Optejet User Filled Device (UFD) for various ophthalmic liquids, aimed at improving treatment compliance and outcomes for patients [6]