GameSquare Drops $5.15M on a CryptoPunk NFT—Ether Treasury Bets Big on Digital Collectibles

GameSquare just flipped the script—turning corporate treasury into a blue-chip NFT playground. The $5.15 million CryptoPunk purchase screams confidence in digital assets as institutional collateral. Or maybe it’s just another hedge fund midlife crisis played out on the blockchain.

Why This Matters

Forget bonds and bullion. Companies are now parking cash in JPEGs—liquidity be damned. GameSquare’s move mirrors MicroStrategy’s Bitcoin obsession, but with more pixelated bragging rights.

The Fine Print

That $5.15M could’ve bought actual equity in startups building the metaverse. Instead, it bought a 24x24 pixel avatar. The CFO either deserves a raise—or a psych eval.

Bottom Line

When traditional finance meets crypto culture, expect fireworks (or dumpster fires). Either way, the Ether treasury playbook just got a lot more interesting.