{"id":38625,"date":"2025-07-24T16:01:44","date_gmt":"2025-07-24T16:01:44","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=38625"},"modified":"2025-07-24T16:01:44","modified_gmt":"2025-07-24T16:01:44","slug":"ether-treasury-company-gamesquare-buys-cryptopunk-nft-for-5-15m","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=38625","title":{"rendered":"Ether Treasury Company GameSquare Buys CryptoPunk NFT for $5.15M"},"content":{"rendered":"<div>\n<p>Digital media company GameSquare (GAME) said it bought Cowboy Ape #5577 of the <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/07\/21\/nft-market-sees-29-daily-rise-as-cryptopunk-penguins-surge\">CryptoPunk non-fungible token (NFT) collection<\/a> from Robert Leshner for $5.15 million. <\/p>\n<p>The Frisco, Texas-based company, which described the purchase a strategic investment, also said it added just over $10 million worth of ether (ETH) to its treasury. Leshner, the founder of Compound Labs, an open-source protocol for algorithmic money markets on Ethereum, received the company&#8217;s preferred stock in payment<\/p>\n<p>CryptoPunks are one of the earliest and among the most influential NFT projects. Created in 2017, they inspired much of the modern crypto art movement and set a precedent for digital ownership on the blockchain.<\/p>\n<p>&#8220;GameSquare plans to leverage CryptoPunks for marketing activations, community building, and potential licensing opportunities,&#8221; the company said <a href=\"https:\/\/www.prnewswire.com\/news-releases\/gamesquare-acquires-iconic-cowboy-ape-cryptopunk-from-defi-pioneer-robert-leshner-302513150.html?tc=eml_cleartime\">in a Thursday announcement<\/a>.<\/p>\n<p>The firm&#8217;s purchase of 2,742.75 ETH takes its total holdings to 12,913.49 ETH, valued at around $48.5 million. <\/p>\n<p>A <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/07\/16\/btcs-joins-russell-microcap-index-as-ether-treasury-firms-continue-to-post-big-gains\">number of companies have unveiled ether treasury strategies<\/a> in recent months as a means of generating passive yield through ETH staking. Foremost among them is SharpLink Gaming(SBET), <a href=\"https:\/\/www.coindesk.com\/business\/2025\/07\/22\/sharplinks-ether-bet-surpasses-13b-after-latest-purchase\">now the largest corporate ether holder<\/a>, with over 360,000 ETH.<\/p>\n<p>Firms in the media, entertainment and gaming sectors like SharpLink and GameSquare may see an ether treasury strategy as a means of advancing their Web3 aspirations through investing in the Ethereum ecosystem and thereby gaining exposure to NFTs, decentralized finance (DeFi) and more. <\/p>\n<p>GAME shares spiked to $1.44, <a href=\"https:\/\/uk.finance.yahoo.com\/quote\/GAME\/\">an intraday gain of nearly 8%<\/a>, following the announcement, before pulling back. At the time of writing, it was trading 4.8% higher at $1.33. <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Digital media company GameSquare (GAME) said it bought Cowboy Ape #5577 of the CryptoPunk non-fungible token (NFT) collection from Robert Leshner for $5.15 million. The Frisco, Texas-based company, which described the purchase a strategic investment, also said it added just over $10 million worth of ether (ETH) to its treasury. Leshner, the founder of Compound [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-38625","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/38625","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=38625"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/38625\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=38625"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=38625"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=38625"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}