{"id":25570,"date":"2025-07-24T21:17:47","date_gmt":"2025-07-24T18:17:47","guid":{"rendered":"https:\/\/forklog.com\/en\/gamesquare-acquires-cryptopunk-nft-for-5-15-million\/"},"modified":"2025-07-24T21:17:47","modified_gmt":"2025-07-24T18:17:47","slug":"gamesquare-acquires-cryptopunk-nft-for-5-15-million","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/gamesquare-acquires-cryptopunk-nft-for-5-15-million\/","title":{"rendered":"GameSquare Acquires CryptoPunk NFT for $5.15 Million"},"content":{"rendered":"<p>Publicly traded company GameSquare has added a CryptoPunk NFT to its treasury, purchasing it for $5.15 million from the previous owner.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">GameSquare has acquired the iconic Cowboy Ape #5577 CryptoPunk from DeFi pioneer <a href=\"https:\/\/twitter.com\/rleshner?ref_src=twsrc%5Etfw\">@rleshner<\/a> in a $5.15M strategic investment.<\/p>\n<p>We also added $10M of ETH to our treasury, bringing total Ethereum treasury holdings to over $52 million. <a href=\"https:\/\/t.co\/U2LFaPqECm\">pic.twitter.com\/U2LFaPqECm<\/a><\/p>\n<p>\u2014 GameSquare Holdings Inc. (@GSQHoldings) <a href=\"https:\/\/twitter.com\/GSQHoldings\/status\/1948368197473677664?ref_src=twsrc%5Etfw\">July 24, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Former token holder Robert Leshner received approximately 3.4 million preferred shares of the firm as part of the deal, convertible into common stock at $1.5 per share.<\/p>\n<p>Leshner, the founder of Superstate and Compound, <a href=\"https:\/\/cryptomaniaks.com\/top-ten-most-expensive-nfts-ever-sold\">purchased<\/a> CryptoPunk #5577 in February 2022 for 2501 ETH, then valued at around $7.7 million.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThis is not just our first NFT grail, it signals that we think differently and are expanding our presence in digital culture, creating a next-generation media company with cryptocurrency in its DNA,\u201d stated GameSquare CEO Justin Kenna. <a href=\"https:\/\/www.prnewswire.com\/news-releases\/gamesquare-expands-crypto-treasury-program-to-250-million-302509507.html?tc=eml_cleartime\">stated<\/a> GameSquare CEO Justin Kenna.<\/p>\n<\/blockquote>\n<p>Additionally, Leshner has taken on the role of digital assets advisor for the firm.<\/p>\n<p>The company also announced a $10 million purchase of additional ETH, bringing its Ethereum holdings to approximately $52 million.<\/p>\n<p>In total, GameSquare plans to allocate $250 million for Ethereum acquisitions.<\/p>\n<p>The firm&#8217;s shares, trading under the ticker GAME, remained unaffected by the news, currently priced at $1.3.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-qw.googleusercontent.com\/docsz\/AD_4nXcICk598qldMfqf4cT1XTuOD9Oq0rIJgFK1vYnERj1nfH5Mnwqq6xMy6s2M79iuXuSgsdQeIYwxgusbqNBD5dsY3Q7LJWHPqwvgGBgLgWtQKseiZx4eJ6z6FJnDiXubvlRUmtoKzw?key=CkNOvEdH6a2zRS_QGRXX_g\" alt=\"GameSquare \u043a\u0443\u043f\u0438\u043b\u0430 NFT \u0438\u0437 \u043a\u043e\u043b\u043b\u0435\u043a\u0446\u0438\u0438 CryptoPunk \u0437\u0430 $5,15 \u043c\u043b\u043d\"\/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/www.google.com\/finance\/quote\/GAME:NASDAQ?window=1M\">Google Finance<\/a>.<\/figcaption><\/figure>\n<p>However, in early July, the company&#8217;s shares <a href=\"https:\/\/forklog.com\/en\/news\/gamesquare-and-sharplink-shares-surge-following-ethereum-acquisition-news\">surged<\/a> by 60% following the announcement of the Ethereum reserve creation.<\/p>\n<p>The market capitalization of the non-fungible token segment <a href=\"https:\/\/forklog.com\/en\/news\/7-8-million-cryptopunks-purchase-sparks-nft-market-rally\">exceeded<\/a> $6 billion after the purchase of a rare CryptoPunk for $7.8 million.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Publicly traded company GameSquare has added a CryptoPunk NFT to its treasury, purchasing it for $5.15 million from the previous owner. GameSquare has acquired the iconic Cowboy Ape #5577 CryptoPunk from DeFi pioneer @rleshner in a $5.15M strategic investment. We also added $10M of ETH to our treasury, bringing total Ethereum treasury holdings to over [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":25569,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1432,1213],"class_list":["post-25570","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptopunks","tag-nft"],"aioseo_notices":[],"amp_enabled":true,"views":"53","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/25570","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=25570"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/25570\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/25569"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=25570"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=25570"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=25570"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}