Shares of Gold.com, Inc. (GOLD) climbed 9.9% to close at $55.32 on Friday, with trading volume more than double its three-month average. The rally followed significant corporate developments that are set to define the company's trajectory in the coming weeks.
Strategic Crypto Partnership
The company entered into a definitive agreement with Tether for a $150 million private placement. The transaction involves the sale of approximately 3.37 million shares at $44.50 each, representing an 11.9% discount to the stock's recent volume-weighted average price. An initial $125 million is expected to close imminently, with a remaining $25 million contingent on regulatory approvals.
Beyond the capital infusion, the partnership grants Tether a board seat and includes a commitment for a gold leasing facility of at least $100 million. The arrangement also explores future integration of stablecoin-based payment systems, marking a significant step toward blending traditional precious metals with digital asset infrastructure.
Quarterly Financial Performance
In a separate filing, Gold.com disclosed its fiscal second-quarter results. The company generated revenue of $6.48 billion for the period ended December 31. Net income attributable to the company was $11.6 million, or $0.46 per diluted share.
CEO Greg Roberts noted continued pressure from compressed premium spreads on physical metals. The company also faced trading losses and higher interest expenses related to a silver market condition known as backwardation, where near-term prices exceed forward prices.
Corporate Developments and Outlook
Gold.com completed its acquisition of direct-to-consumer dealer Monex Deposit Company in January. The board declared a quarterly cash dividend of $0.20 per share, payable on March 4 to shareholders of record as of February 20.
While the Tether deal provides substantial capital and strategic optionality, the company acknowledges regulatory scrutiny surrounding the pending transaction tranche and any future stablecoin payment adoption. Gold.com's core business remains exposed to precious metal price volatility and shifts in retail investor demand.