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Gold.com Announces $150 Million Strategic Investment from Tether
Globenewswire· 2026-02-05 21:10
Core Viewpoint - Tether is making a significant investment of $150 million in Gold.com, acquiring 3.371 million common shares at a price of $44.50 per share, which is an 11.9% discount to the recent market price, establishing a strategic partnership aimed at integrating physical precious metals with digital finance [2][4][6]. Investment Details - Tether will initially purchase approximately $125 million worth of common shares, with an additional $25 million contingent on regulatory approvals [4]. - The total acquisition involves 3.371 million common shares at an issue price of $44.50, reflecting an 11.9% discount to the 10-day volume weighted average price as of February 4, 2026 [4]. Strategic Partnership - The investment aims to create a vertically integrated gold ecosystem by combining Gold.com's gold infrastructure with Tether's stablecoin platform, enhancing the credibility and distribution of Tether's gold-backed XAU₮ stablecoin [6]. - Gold.com will invest $20 million of the proceeds from the investment into Tether's XAU₮ stablecoin [7]. Board Representation - As a result of the investment, Tether is entitled to nominate a member to Gold.com's board of directors [5]. Future Collaborations - Gold.com and Tether plan to enter into additional commercial agreements, including a gold leasing facility of at least $100 million and accepting Tether stablecoins as payment [7]. - The collaboration is expected to drive increased consumer and institutional engagement across both platforms [6]. Executive Commentary - Gold.com’s CEO emphasized that the investment validates their strategy to lead in physical bullion and expand into digital gold and stablecoins, providing increased funding and flexibility for business development [8]. - Tether's representative highlighted the importance of integrating physical gold sourcing with blockchain infrastructure to enhance transparency and scalability [8][9]. Company Background - Gold.com, founded in 1965, offers a comprehensive solution for precious metals and collectibles, operating a direct-to-consumer marketplace and a trading platform [10][11]. - Tether is a pioneer in stablecoin technology, aiming to bridge traditional financial systems with decentralized finance [12][13].