GameSquare Buys CryptoPunk #5577 for $5.15M in Stock Deal with Compound Founder

In Brief:

GameSquare acquires CryptoPunk #5577 from Compound’s founder Robert Leshner.

Deal valued at $5.15M via preferred stock convertible to 3.4M shares.

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NASDAQ-listed GameSquare has purchased CryptoPunk #5577 from Robert Leshner, the founder of Compound and CEO of Superstate, in a $5.15 million stock deal. The transaction was approved by GameSquare’s board and involves the issuance of preferred shares convertible into 3.4 million common shares at $1.50 each.

This marks GameSquare’s first direct NFT investment, signaling growing institutional interest in iconic digital assets. Leshner is a well-known figure in DeFi, and this high-profile transaction ties together legacy NFT culture and traditional market structures.

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