NFTs as Corporate Treasuries? GameSquare’s $5 Million CryptoPunk Bet Ignites Debate
GameSquare Holdings, Inc. has drawn attention by acquiring CryptoPunk #5577, a well-known NFT, for $5.15 million through preferred shares. Following the deal, CryptoPunk #5577 officially became a strategic treasury asset of GameSquare. While NFTs have long been speculative digital collectibles, a new wave of companies treating them as treasury assets may redefine their role in…
