Mentioned:
STEX -9.32% WPM -9.50%

Streamex is coming after the opportunity in gold tokenization. And they’ve just raised a round of fresh funding to do it.

What’s happening:

  • Streamex (NASDAQ: STEX) has successfully raised $40.25M USD in a new equity financing round

By the numbers:‍

  • Streamex issued approximately 13.4M common shares at $3.00 USD per share as part of the new funding round

Why it matters:‍

  • This is one of the single largest equity financing rounds that Streamex has done since becoming a publicly listed company

Going deeper:‍

  • Legendary mining billionaire and founder of Wheaton Precious Metals (NYSE: WPM) Frank Giustra invested $3M USD into the new funding round to deepen his existing ownership stake in Streamex
  • Streamex has been making a flurry of new moves focused on disrupting the traditional gold business lately, including both purchasing physical gold bullion to hold directly as an asset and acquiring a 9.9% equity stake in precious metals royalty company Empress Royalty (TSXV: EMPR)

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