Share this article
Ether Treasury Company GameSquare Buys CryptoPunk NFT for $5.15M
The Frisco, Texas-based firm also added to its ether treasury, buying 2,742.75 ETH, worth just over $10 million
Jul 24, 2025, 3:59 p.m.
What to know:
- GameSquare said it bought Cowboy Ape #5577 of the CryptoPunk NFT collection from Robert Leshner for $5.15 million in preferred stock.
- The company also added 2,742.75 ETH, worth just over $10 million, to its treasury.
Digital media company GameSquare (GAME) said it bought Cowboy Ape #5577 of the CryptoPunk non-fungible token (NFT) collection from Robert Leshner for $5.15 million.
The Frisco, Texas-based company, which described the purchase a strategic investment, also said it added just over $10 million worth of ether to its treasury. Leshner, the founder of Compound Labs, an open-source protocol for algorithmic money markets on Ethereum, received the company's preferred stock in payment
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
CryptoPunks are one of the earliest and among the most influential NFT projects. Created in 2017, they inspired much of the modern crypto art movement and set a precedent for digital ownership on the blockchain.
"GameSquare plans to leverage CryptoPunks for marketing activations, community building, and potential licensing opportunities," the company said in a Thursday announcement.
The firm's purchase of 2,742.75 ETH takes its total holdings to 12,913.49 ETH, valued at around $48.5 million.
A number of companies have unveiled ether treasury strategies in recent months as a means of generating passive yield through ETH staking. Foremost among them is SharpLink Gaming(SBET), now the largest corporate ether holder, with over 360,000 ETH.
Firms in the media, entertainment and gaming sectors like SharpLink and GameSquare may see an ether treasury strategy as a means of advancing their Web3 aspirations through investing in the Ethereum ecosystem and thereby gaining exposure to NFTs, decentralized finance (DeFi) and more.
GAME shares spiked to $1.44, an intraday gain of nearly 8%, following the announcement, before pulling back. At the time of writing, it was trading 4.8% higher at $1.33.
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Crypto Firm Tether Says It Wants to Take Over Italian Football Club Juventus
The issuer behind the most popular stablecoin said that if the bid succeeds, it prepares to invest $1 billion in the football club.
What to know:
- Tether said it aims to take over popular Italian football club Juventus FC.
- The firm proposed to acquire Exor's 65.4% stake in an all-cash offer, and intends to make a public offer for the rest of the shares.
- Tether reported net profits exceeding $10 billion this year, while its flagship token USDT is the world's dominant stablecoin with a $186 billion market capitalization.
Top Stories
