Digital Media Company Gamesquare (Game) said that the Cowboy APE #5577 of the Cryptopunk Non -Gungible token (NFT) collection bought from Robert Leshner for $ 5.15 million.
The company, based in Texas, which the purchase described a strategic investment in Texas, also said that it has added a little more than $ 10 million to Ether (ETH) to his treasury. Leshner, the founder of Compound Labs, an open-source protocol for algorithmic money markets on Ethereum, was preferred from the company in payment
Cryptopunks are one of the earliest and one of the most influential NFT projects. Made in 2017, they inspired a lot of the modern crypto art movement and put a precedent for digital property on the blockchain.
“Gamesquare plans to use cryptopunks for marketing activations, community structure and potential licensing opportunities,” the company said in a Thursday announcement.
The purchase of 2,742.75 ETH brings its total interests to 12,913.49 ETH, with a value of approximately $ 48.5 million.
In recent months, a number of companies have unveiled Ether -Treasury strategies as a means to generate passive yield through ETH deployment. The most important among them is Sharplink Gaming (SBET), now the largest ether holder, with more than 360,000 ETH.
Companies in the media, entertainment and gaming and gaming sectors such as Sharplink and Gamesquare can see an Ether Treasury strategy as a means to promote their web3 ambitions by investing in the Ethereum -Ecosystem and thus getting exposure to NFTs to NFTs, more.
Game shares banged to $ 1.44, an intraday win of almost 8%, after the announcement, before he withdraws. At the time of writing, it traded 4.8% higher at $ 1.33.