Gaming and creator-economy company GameSquare ended June with just $2.1 million in cash despite a combined ETH, altcoin, and cash position of $25.9 million. The company reported $7.83 million in crypto losses for the second quarter and $22.42 million over six months, with a GAAP net loss of $10.65 million. The balance sheet shows 15,080.51 ETH at June 30 and $12.1 million in current promissory notes, with June pledge details undisclosed. Following the July 15 sale of 1,209 ETH, GameSquare held approximately 14,300 ETH, with repayment capacity dependent on asset sales, operating inflows, or financing.
Source: Read the original article
