TLDR
- Tether-linked TPM bought 530,338 Gold.com shares, completing its planned $150 million equity investment this week.
- The purchase came as reported Tether freezes reached about $515 million across Ethereum and Tron.
- TPM paid $44.50 per share under Gold.com’s private placement agreement signed on February 4.
- Gold.com also moved to buy Sunshine Minting and expand its share repurchase program recently.
- Giancarlo Devasini controls Tether Global Investments Fund through a majority voting interest, according to filings.
Tether-linked TPM has completed its $150 million Gold.com stock purchase, even as reports say Tether froze about $515 million on Ethereum and Tron in 30 days. The deal adds fresh attention to Tether’s investment moves, Gold.com’s expansion plans, and the growing link between crypto capital and precious metals businesses.
TPM Completes Second Gold.com Share Purchase
TPM bought 530,338 shares of Gold.com, Inc. common stock at $44.50 per share. The purchase totaled about $23.6 million. It marked the second tranche of a larger share purchase agreement.
The agreement was signed on February 4, 2026, between TPM and Gold.com. Under that deal, TPM agreed to buy 3,370,787 shares. The full purchase formed part of Gold.com’s $150 million PIPE financing.
TPM had already bought 2,840,449 shares in the first tranche. That earlier purchase cost about $126.4 million. With the second tranche complete, TPM has now bought all agreed shares.
Tether Ownership Structure Draws Crypto Market Attention
TPM indirectly holds the Gold.com shares, according to the transaction details. Tether Global Investments Fund, S.I.C.A.F., S.A. controls TPM. Giancarlo Devasini holds more than 50% voting power in Tether Global Investments Fund.
The filing said Tether Global Investments Fund and Devasini limit their ownership claims. They “disclaim beneficial ownership” beyond their own financial interests. That language is common in ownership reports.
The transaction arrived while Tether’s compliance activity remained under market watch. Reports said Tether froze about $515 million on Ethereum and Tron over 30 days. That activity gave the Gold.com deal a wider crypto market angle.
Gold.com Expands Business and Board Changes
Gold.com also announced the purchase of the remaining 55.1% stake in Sunshine Minting, Inc. The all-cash deal gave Gold.com full ownership of the precious metals manufacturer. The assets include facilities in Nevada and China.
The company also gained Liberty Refining in Idaho through the transaction. Gold.com said the move supports its precious metals business. The company also expanded its buyback plan to cover up to 2 million shares.
Gold.com added Juan Sartori to its board after Beverley Lepine resigned. Sartori received an option to buy 3,000 shares of common stock. The company’s shares recently traded near $43.51, after rising about 84% over one year.
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