On Feb. 11, Erik Voorhees purchased 1,382 PAX Gold tokens using USDC, reflecting a blockchain-based investment in tokenized gold at an average price near $4,926 each.
On Feb. 11, ShapeShift founder Erik Voorhees acquired 1,382 PAX Gold tokens for $6.81 million USD Coin, averaging roughly $4,926 per token. The purchase was tracked by blockchain monitoring service Lookonchain. PAX Gold is a tokenized form of physical gold, offering investors blockchain-based ownership of a stable asset. This transaction highlights Voorhees’ interest in diversifying holdings with gold while utilizing USDC for the purchase.