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Streamex Corp. (NASDAQ: STEX) Announces Gold Bullion Purchases & Closing of Initial USD $25,000,000 Tranche of the Previously Announced Financing; All Net Proceeds Deployed into Physical Gold Bullion
Globenewswireยท 2025-11-05 13:00
Core Viewpoint - Streamex Corp. has successfully closed a USD $25 million tranche of convertible debenture financing, which will be used to purchase physical gold bullion and advance its tokenization strategy with the upcoming GLDY pre-sale launch [2][4]. Financing Details - The financing involves a total of USD $50 million in secured convertible debentures, with the first tranche of USD $25 million already released [10]. - The remaining USD $25 million will be deployed in a subsequent tranche, contingent upon the effectiveness of the Company's Registration Statement and meeting certain closing conditions [10]. Strategic Implications - All net proceeds from the financing will be allocated to acquiring vaulted, physical gold bullion, reinforcing Streamex's gold-backed balance sheet and supporting its tokenization initiatives [4][10]. - The strategy aims to provide stability against currency devaluation and create a foundation for scalable, blockchain-enabled investment products [4]. Market Outlook - The macro-outlook for gold is constructive, with major financial institutions raising long-term price targets due to persistent dollar weakness and increasing demand for hard assets [4]. - Jefferies has set a price target for gold at USD $6,600 per ounce, indicating a growing belief in gold's central role in global capital markets [4]. Company Overview - Streamex Corp. is focused on the tokenization and digitalization of real-world assets, providing institutional-grade solutions that integrate traditional commodities and assets into blockchain-enabled markets [7].