GameSquare (GAME) has approved the purchase of a “Cowboy Ape” CryptoPunk NFT from Robert Leshner, founder of the DeFi protocol Compound and CEO of Superstate. Under the terms of the purchase agreement, GameSquare issued Robert Leshner $5.15M of preferred stock that is convertible into approximately 3.4 million shares of GameSquare’s common stock at $1.50 per share. The purchase marks GameSquare’s first direct NFT investment. GameSquare also announced a recent $10M ETH purchase, acquiring approximately 2,742.75 ETH at a weighted average price of approximately $3,646 per ETH. To date, GameSquare has purchased $45M of ETH under its $250M authorization. The vompany currently has approximately 12,913.49 ETH as of July 24, 2025.
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