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Streamex Corp. (NASDAQ: STEX) Co-Founder & Executive Chairman Provides Corporate Update
Globenewswire· 2026-02-10 12:30
Core Viewpoint - Streamex Corp. is positioned for growth with a strong balance sheet and upcoming product launches, particularly the GLDY token, which is expected to attract significant interest from investors [1][4][5]. Financial Position - The company has a robust balance sheet with approximately $50 million in cash following a $40.25 million public offering priced at $3.00 per share [5][6]. - Streamex has eliminated all debt and contingent dilution instruments, achieving a fully deleveraged status [6]. Insider Activity - Since January 1, 2026, senior officers and advisors have purchased approximately 1,247,011 shares of common stock, indicating strong insider confidence [7]. - Notable purchases include 1,100,000 shares by Frank Giustra and 95,500 shares by Morgan Lekstrom, reflecting significant insider investment [8]. Product Roadmap - The company plans to launch GLDY, a digital asset token, with indications of interest exceeding $100 million [3][4]. - Following GLDY, Streamex aims to introduce SLVY, a silver-backed yield-generating product, targeted for mid-2026 [10]. - By year-end 2026, a tokenized royalty and streaming product is expected to be launched, providing new investment opportunities in the mining sector [11]. Strategic Focus - Streamex is committed to delivering compliant solutions for trading precious metals and commodities, targeting a total addressable market of approximately $120 trillion [4]. - The company is enhancing its governance and leadership capabilities through key appointments to support its strategic initiatives [9][15].