Gold, Tether, and Nasdaq: The Most Ridiculous Treasury Ever? 🚀💰

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So, in a universe where money is apparently just a concept and gold is now a digital pet rock, Nasdaq-listed Prestige Wealth (or should we say, the soon-to-be-renamed Aurelion Treasury 🦄) has decided to rebrand itself as the first Nasdaq treasury to hold Tether Gold (XAUT) in reserve. Because, you know, why not? Wall Street’s latest obsession with digital assets has apparently reached peak absurdity. 🤑

To fund this wild ride, the company closed a $100 million Private Investment in Public Equity (PIPE) round, because nothing says “we’re serious” like a three-letter acronym. Anchor investor Antalpha Platform Holding Company and other accredited investors, including Tether itself (yes, the same Tether), threw their hats-and money-into the ring. On top of that, they secured a $50 million senior debt facility, bringing their total funding to a cool $150 million. 🧮✨

What will they do with all this cash? Oh, just buy a bunch of Tether Gold tokens, because apparently, that’s the new black. Or should we say, the new gold? 🏆

“I am bullish on bitcoin in the long term,” said Björn Schmidtke, CEO of Aurelion, with the kind of confidence usually reserved for someone who’s just discovered the meaning of life. “And I believe we need a stablecoin that can fight inflation and pay for electricity bills.” Because, you know, nothing says stability like a digital asset backed by a metal that’s been hoarded by dragons and pirates for centuries. 🐉⚡

Aurelion Treasury Launch

Aurelion’s grand plan is to make XAUT “redeemable for physical gold” over time, effectively bridging the gap between the digital and the tangible. Because who wouldn’t want to walk into a jewelry store and say, “I’d like to trade my internet gold for the real thing, please.” 🏪💍

“Digital assets will be more tangible to many when one can walk into a jewelry store and redeem a gold bar with Tether Gold (XAU₮),” said Paul Liang, CFO of Antalpha, with the kind of straight face that only a CFO can muster. 🏦💼

Tether Gold Redemption

Of course, there’s a catch: you need at least 430 XAUT to redeem one full gold bar. So, unless you’re a dragon with a hoard, you might want to start saving now. 🐉🪙

PWM Stock Soars 19% on Tether News, But Let’s Not Get Ahead of Ourselves 🚀📉

The announcement sent Prestige Wealth’s stock price up 19% on Friday, which is great news if you ignore the fact that it’s still down 94% since its launch. But hey, a win’s a win, right? 🎢💹

PWM Stock Chart

Pending regulatory approvals (because even in the Wild West of digital assets, someone has to sign off on this), the company will debut its new ticker symbol, AURE, on the Nasdaq starting Monday. Let’s see if the universe can handle this much innovation. 🌌🚀

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2025-10-10 17:38