Company: GAME
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023589
Chunk: 126

Company: GameSquare Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 126
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and realized gains (losses) on digital assets are included in Other income (expense), net in the condensed consolidated statements of
operations.

    13

Digital
asset holdings as of September 30, 2025, were as follows:

Schedule of digital asset holdings 

    Asset 
    Units Held  
    Fair Value  
    Cost Basis  
    Unrealized Gain (Loss) 
  
    ETH 
     52.01  
    $215,612  
    $479,600  
    $(263,988)
  
    ANIME 
     180,319,702  
     2,468,577  
     3,375,000  
     (906,423)
  
    REKT 
     2,280,638,667,003  
     1,336,226  
     1,978,086  
     (641,860)
  
    Total 
        
    $4,020,415  
    $5,832,686  
    $(1,812,271)

In
August and September 2025, the Company received 171.9 million ANIME tokens as non-cash consideration under an agency services agreement.
An additional 8.4 million ANIME tokens were purchased in the open market as partial fulfillment required under the contract. Both tranches
are subject to a six-month holding restriction beginning August 12, 2025. In accordance with ASC 820, no adjustment to fair value is
made for this holder-specific restriction.

In
August 2025, the Company received 2,305,905 million REKT tokens as non-cash consideration under an agency services agreement. The tokens
are subject to a lockup as follows: Two-twelfths (2/12) will not have any restriction, the remaining ten-twelfths (10/12) will be subject
to lock up, provided that on each monthly anniversary of the effective date the lock up will expire on one-tenth (1/10) of the initial
total number of locked tokens such that on the tenth monthly anniversary of the effective date, the lock up shall have expired with respect
to all of the tokens. Effective date for lockup start is August 28, 2025. In accordance with ASC 820, no adjustment to fair value is
made for this holder-specific restriction.

6.
Investment in ETH fund

During
the nine months