Aug. 28 at 5:51 PM
$AURE is the cheapest way on Nasdaq to sit next to Tether’s gold stack.Not hopium. Math.Tether put
$15M USDT into this name and holds ~11–12% of the equity. They don’t have the votes Antalpha does but they did park the treasury in XAUT. That’s allocated LBMA gold on chain. 33,318 oz. When gold marks up, the book marks up. They already printed that: gold up = fair-value gain. Gold down last quarter = the loss. The asset works.Then look at the stock vs the vault:
• NAV (6/30)
$2.44
• Tape ~
$1.62
• You’re buying the gold pile at a ~33% discount. Earlier this year it was 50%+.
