According to online reports, Nasdaq-listed GameSquare announced that it had spent US$5 million to buy 1,818.84 ETH units to support its Ethereum treasury. The company previously announced that it would build an Ethereum treasury with a total amount of up to US$100 million in phases. As the first funding arrangement, the company will issue 8,421,054 ordinary shares or their equivalents at a price of US$0.95 per share, and is expected to raise approximately US$8 million before deducting related expenses.