Tether Fund Buys $3.9M of Gold.com, Reaching 500,000 Shares
A 10% owner reported three purchases of Gold.com common stock at $38.96 to $39.44 a share, lifting its indirect holding from 400,000 to 500,000 shares.
Gold.com, Inc. currently carries an Alpha Score of n/a, giving AlphaScala's model a neutral read on the setup.
Tether Global Investments Fund, S.I.C.A.F., S.A., a 10%+ owner of Gold.com, Inc. (GOLD), bought 100,000 shares of common stock for about $3.9 million over Oct. 26, Oct. 27 and Oct. 28, according to a Form 4 filed Oct. 28. The total came to $3,927,258, at an average of $39.27 a share. Prices paid ranged from $38.9609 to $39.4445.
The filing lists three purchases, one per day. On Oct. 26 the fund bought 32,675 shares at $38.9609, or about $1.27 million. On Oct. 27 it bought 39,692 shares at $39.4445, about $1.57 million. On Oct. 28 it added 27,633 shares at $39.3942, about $1.09 million. None of the purchases was marked as made under a Rule 10b5-1 plan.
The fund holds the shares indirectly. Its holding stood at 400,000 shares before the first purchase and 500,000 after the last, a 25% increase. After each purchase the holding read 432,675, then 472,367, then 500,000 shares.
A Form 4 is the report that officers, directors and holders of more than 10% of a company's stock must file within two business days of a trade in its shares. Transaction code P, the one used here, marks an open-market or private purchase paid for by the insider, as opposed to grants, option exercises or purchases under an employee plan. AlphaScala explains the code on its Form 4 code P page. The Oct. 26 purchase was filed two days after the trade, the Oct. 27 purchase one day after, and the Oct. 28 purchase the same day.
The fund had bought before. Form 4s filed between July 23 and Oct. 26 show five open-market purchases of Gold.com stock worth about $7.9 million, all by a single buyer. The three largest were by the same fund: 100,000 shares for $3.93 million on Sept. 3, 42,682 shares for $1.70 million on Oct. 13 and 31,088 shares for $1.24 million on Oct. 12. The last of those earlier purchases came on Oct. 14, 12 days before the first purchase in the new filing.
Selling in the same window came from five insiders, who made 17 open-market sales worth about $8.7 million. Director Jeffrey D. Benjamin sold 30,000 shares on Sept. 14 for about $1.44 million and another 30,000 on Sept. 15 for about $1.43 million. Chief Executive Officer Gregory N. Roberts sold 22,835 shares on Sept. 9 for about $1.13 million. The last sale in the window was on Sept. 22, 34 days before the fund's first purchase in the new filing.
The Oct. 28 Form 4 lists 500,000 common shares held indirectly by the fund after the last purchase.
Written by a large language model from primary sources linked in the article: AlphaScala's structured filing data (SEC Form 4 / STOCK Act / 13F / CFTC records) or an official release (central bank, BLS, EIA or SEC). Every figure is checked automatically against those sources before publication. Not investment advice.