Pond Street Ledger

USAR

USA Rare Earth. There are 22,756 of these tokens in existence, worth $442.6k between them. It trades.

$19.45
tracks the share
+6.58%
$19.9k
22,756
not shares outstanding
+5.00%
+33.40%
$12.96 – $37.41
token price, low to high

This is the contract on Robinhood Chain. Every figure on this page is derived from it and can be checked against it, which is the only reason we are comfortable publishing a page of numbers about somebody else's share price.

0xd917b029c761d264c6a312bbbcda868658ef86a6

What you would actually own

A token, not a share. It tracks the price of USA Rare Earthstock, and it is a claim arranged by an issuer rather than an entry on the company's share register: no vote, no direct dividend entitlement, and a counterparty between you and the equity. The supply figure above is the honest measure of how large this actually is — 22,756 tokens is a different order of magnitude from the company's shares outstanding, and conflating the two is the most common mistake made about this market. The longer answer.

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