GameSquare Drops $5.15M on CryptoPunk NFT—Ether Treasury Goes Punk

Another day, another corporate treasury diving headfirst into JPEGs. GameSquare just splurged $5.15 million on a CryptoPunk—because nothing says 'hedge against inflation' like a 24x24 pixel cartoon.

Why This Matters

The Ether-backed gaming firm joins the ranks of Fortune 500 companies treating NFTs like digital gold. Never mind that actual gold has been around for 5,000 years—this ape’s got a mohawk.

The Bigger Picture

While traditional finance bros clutch their spreadsheets, Web3 players keep rewriting the playbook. Five million for a punk? Chump change compared to the $69 million Beeple drop. At least this one’s on-chain collateral.

Bottom Line: When your balance sheet’s 90% ETH, I guess you’ve got to spend it on something. Next stop—a Bored Ape company retreat?