Costa Mesa-based Gold.com Inc., a fully-integrated alternative assets platform offering an extensive range of precious metals, numismatic coins and collectibles, announced a definitive agreement with TPM, S.A. de C.V., known as Tether, under which Tether will purchase $150 million of Gold.com’s common shares. Tether is set to acquire approximately $125 million of common shares at an issue price of $44.50, with an additional $25 million to follow after regulatory approvals, and will gain the right to nominate a member to Gold.com’s board. Gold.com has arranged to invest $20 million of the proceeds from the investment into Tether’s XAU₮ stablecoin, reinforcing the tie between the physical and digital metal markets.
Tether, one of the largest private owners of gold and a sponsor of the largest dollar-backed and gold-backed stablecoins as well as the U.S.-regulated stablecoin USAT, backs the deal. Juan Sartori, head of special projects at Tether, said, “This acquisition represents an important step in the evolution of financial markets, where trusted real-world assets and blockchain-based infrastructure increasingly converge.” Greg Roberts, chief executive of Gold.com, said, “Tether’s investment in Gold.com validates our strategy to be the vertically integrated leader in physical bullion and to offer the industry’s most comprehensive precious metals platform.” The proceeds from this transaction will provide Gold.com with increased funding and flexibility to strengthen our business by further developing our portfolio of category-leading brands.
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