NFT treasury companies are coming Whether we’re ready or not GameSquare’s $5.15 million Punk acquisition is just the beginning The math is simple: $8 million CryptoPunk sweep moved the floor 8 ETH overnight Now imagine $50-100 million funds buying in We've seen this playbook with Bitcoin treasuries like MicroStrategy, converting corporate cash to BTC to become a publicly traded crypto proxy Now it's JPEGs getting the treasury treatment The entire NFT market cap is still only the size of a single top 25 chain like Uniswap The upside is clear So are the concerns Is the world ready? Not really… but that's never stopped this space before