Ethereum climbs to $3850! GameSquare increases the position by $30 million ETH: raises reserve cap to $250 million.

GameSquare announced an increase in its digital asset reserve limit to $250 million, investing $30 million in Ethereum and laying out plans for NFTs. (Background: The Ethereum Fusaka Hard Fork is scheduled for November, and the Glamsterdam upgrade is set to debut in early 2026.) (Context: Ethereum has finalized the "Fusaka upgrade": including 13 items such as EIP-7594, increasing the Block Size limit to 16MB.) Nasdaq-listed media and entertainment company GameSquare (GAME) on the 21st authorized the significant increase of its digital asset treasury limit from $100 million to $250 million after board approval, while simultaneously purchasing 8,351 ETH for $30 million, further fueling the recent surge in ETH prices. Large-scale Coin Hoarding and NFT dual strategies According to the company's announcement, GameSquare currently holds a total of 10,170.74 ETH, with an average purchase price of about $3,592. In addition, the board also approved a separate allocation of $10 million for cash-generating NFT projects. CEO Justin Kenna emphasized: We are excited to be among the first publicly traded companies to include NFTs in a diversified digital asset strategy. This reflects an innovative approach to our financial management initiatives. GameSquare has rich experience in building creative environments in both gaming and the real world, giving it a unique advantage in understanding the cultural and economic value of these digital assets. DeFi yield target up to 14% GameSquare is not static in its holdings. In terms of yield strategy, the company partnered with Ryan Zurrer from Dialectic and Rhydon from Goff Capital to set a target annual yield of 6% to 10% for stablecoins; through the machine learning and automation optimization tools of the Dialectic Medici platform, it aims for an annual yield of 8% to 14% within the Ethereum ecosystem, showing that traditional enterprises have moved from observation to implementation in DeFi. GameSquare's stock price experienced short-term fluctuations, with ETH briefly surpassing $3,800. After the news was released, GameSquare's stock price fell 3.95% to $1.46 on the 21st; however, over the past month, the stock price has still risen nearly 90%, indicating that investors maintain a positive attitude towards the company's strategy of generating additional income through digital assets. On the other hand, ETH reached a high of $3,858 last night, and as of the press time, all pullbacks were reported at $3,744. Related Reports Ethereum Pectra upgrade "hackers are thrilled", Wintermute warns: EIP-7702 enables automated attacks on large contract deployments. Internal troubles for Ethereum intensify! EIP-1559 father and core developer Eric Conner announces exit from the ETH community. Ensuring Ethereum EIP-7702 upgrade: a secure proxy model for the transition from EOA to smart wallets. <Ethereum climbs to $3,850! GameSquare increases position by $30 million ETH: raises reserve limit to $250 million> This article was first published in BlockTempo, the most influential blockchain news media.