NFTs as Corporate Treasuries? GameSquare’s 5 million USD CryptoPunk bet ignites debate

GameSquare Holdings invested 5.15 million USD in CryptoPunk #5577, officially positioning it as a strategic treasury asset. This move indicates a potential shift in how businesses perceive NFTs within corporate finance.

While NFT proponents see cultural relevance and rising trading volumes advocating for NFT treasury companies, skeptics warn of the intrinsic value debate and possible risks akin to volatile crypto cycles.

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