Remember CryptoPunks? This Public Company Just Traded $5.15 Million Worth Of Stock For A JPEG
GameSquare (NASDAQ:GAME) has acquired CryptoPunk #5577 — one of the rarest and most culturally important NFTs — from Compound founder and Superstate CEO Robert Leshner, issuing $5.15 million worth of preferred stock in the exchange.
The purchase was executed through the issuance of GameSquare preferred shares convertible to common stock at $1.50 per share, officially making Leshner a shareholder in the public company.
The move signals GameSquare’s deepening commitment to Ethereum-native strategies and positions the firm as a digital asset-forward player in the traditional markets.
CryptoPunk #5577, also known as the “Cowboy Ape,” is part of the original 10,000-piece CryptoPunk collection by Larva Labs.
It is one of just 24 “Ape” Punks, and features a distinctive cowboy hat, a trait …
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