GameSquare and SharpLink stocks surged after news of the purchase of Ethereum

Two public companies — GameSquare and SharpLink — announced plans to replenish their treasuries with Ethereum cryptocurrency. Against the backdrop of these announcements, the stocks have significantly appreciated.

GameSquare Plans

The Board of Directors of GameSquare (GAME) approved the establishment of a treasury based on Ethereum with a volume of up to $100 million. The company plans phased investments while maintaining sufficient capital for operational activities.

To finance its strategy, GameSquare conducted a public offering of 8.42 million shares at $0.95, aiming to raise approximately $8 million.

The company also granted the underwriter Lucid Capital Markets the right to purchase up to 1.26 million additional shares at the same price as during the public offering.

To create an Ethereum treasury, GameSquare will use the Medici platform from the investment firm Dialectic. The target yield of the strategy will be between 8% and 14% per annum.

In the future, the company may add other tools, including stablecoins and NFTs.

On this news, the securities with the ticker GAME rose by almost 60%.

Data: Google Finance.## SharpLink Accumulations

SharpLink Gaming (SBET) continued to increase its Ethereum reserves. From June 28 to July 4, the company acquired 7689 ETH for a total of ~$19.2 million at an average price of ~$2501 per coin.

NEW: SharpLink now holds ~205,634 ETH

Between June 28 and July 4, SharpLink acquired ~7,689 ETH for ~$19.2M at an average price of ~$2,501 per ETH

During that same period, the company raised an additional ~$64.2M through its ATM facility, selling ~5.4M shares

SharpLink has… pic.twitter.com/bhS0K1ZBul

— SBET (SharpLink Gaming) (@SharpLinkGaming) July 8, 2025

The total volume of SharpLink reserves reached 205,634 ETH.

During the specified period, the company raised ~$64.2 million through the sale of approximately 5.4 million shares under the ATM program.

Dynamics of SharpLink stocks. Data: Google Finance. SharpLink noted that all available coins are involved in staking and restaking. Since June 2, the company has managed to earn approximately 322 ETH, of which about 100 ETH was earned in the last week.

The graph below shows the reference staking rate for Ethereum:

According to the company, the "ETH per share" indicator has increased by approximately 18.8% since June 13.

SharpLink ranks second in the organizations' rating by the volume of reserves in Ethereum:

Data: DeFi Llama. SharpLink Chairman and Consensys CEO Joseph Lubin stated that "the sustainable success of the company" is linked to a thoughtful strategy for managing Ethereum reserves and a priority on transparency:

"The constant refinement of approaches and the implementation of metrics like 'ETH concentration' not only helps to increase long-term profitability for shareholders but also sets a new benchmark for responsible use of digital assets in public markets."

Based in Minneapolis, SharpLink Gaming collaborates with online bookmakers and casinos as part of partnership programs and other marketing initiatives.

In early June, the company drastically changed its strategy and began actively accumulating ETH after raising $425 million in a private placement with the participation of Consensys. Around the same time, Ethereum co-founder Joseph Lubin took over as chairman of the company's board.

At the time of writing, the second largest cryptocurrency by market capitalization is trading around $2613. Over the past seven days, the asset has appreciated by 6.7%, according to CoinGecko.

Recall that recently, nearly 10 years dormant 1140 ETH worth ~$2.9 million has come back to life.