GameSquare Stock Shoots 58% After Revealing $100 Million Ethereum Treasury Strategy

Following the footsteps of SharpLink Gaming (NASDAQ: SBET), Nasdaq-listed GameSquare also announced its $100 million Ethereum treasury strategy on July 8, leading to a 58% rally in its stock price. $ETH as a Treasury vehicle is gaining much prominence these days amid strong institutional demand, ETF inflows, and overall growth of the ecosystem. On Tuesday, the GAME stock closed at $1.54, while gaining an additional 7% in after-market hours.