Well, well, well, look who’s making waves! Streamex Corp. decided to throw a little surprise into the digital currency pool, and guess what? Their stock jumped over 20% on Monday. Why, you ask? A pre-sale for their upcoming gold-backed stablecoin, GLDY. Yes, GLDY, as in ‘golden, dreamy, yay’ (well, that’s what we’re calling it now, ok?). It’s set to make qualified investors smile, maybe even before Nov. 10th. Lucky them. 🙄
The best part? The digital asset is designed to make you feel like you’re a treasure hunter, promising an annualized yield of up to 4%. Imagine getting gold back as a yield-because who doesn’t dream of receiving gold rather than just staring at it? And no, this isn’t some weird magic trick. It’s actually real gold! (Kind of like your grandma’s jewelry, but better.)
The big brains over at Streamex have decided that people should stop *paying* to hold gold and instead *get paid* to hold it. Genius, right? I mean, who wouldn’t want to make money while clutching your precious metal like it’s the last cookie in the jar?
The pre-sale? Oh, it’s starting with an impressive $100 million. Streamex is even putting its own money where its mouth is, committing at least $5 million. If demand goes bananas, it could expand to a whopping $1 billion. 📈
Streamex Sets a $200,000 Minimum for GLDY Investors – Because, You Know, Why Not?
Now, if you want in on this, the minimum investment is *only* $200,000 for individuals and $1 million for institutional entities. No big deal, right? Just a small change in your couch cushions. 😏
Why are they doing this, you ask? Well, according to CEO Henry McPhie, this product is built for portfolio managers, ETFs, and anyone with enough cash to be *completely* sure they’re diversified in their commodity exposure. So, if you’re sitting on an island somewhere thinking about buying an extra yacht, this could be for you!
And the market? Oh, they didn’t waste time jumping on the Streamex train. Shares shot up by 20.42% on the announcement, and they’re still trading higher in pre-market. I guess we’re all getting richer just by reading this. 😎
This shiny gold project comes hot on the heels of Streamex and BioSig securing a fabulous $1.1 billion to launch a gold-backed, onchain treasury business in July. How’s that for financial swagger?
Crypto Companies Moving Toward Gold – Because Why Not Diversify With Real Value?
And, in case you’re wondering, Streamex isn’t the only crypto company getting cozy with gold. In June, Tether (yes, the *big* stablecoin) bought a 32% stake in Elemental Altus Royalties, a Canadian gold royalty firm. Last month? They started chatting with mining groups about sinking capital into the gold supply chain. Gold is officially the new black, people. 🏅
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2025-10-07 14:11