Tether Investments, a subsidiary of Tether Group, acquired a 31.9% stake in the Canadian company Elemental Altus Royalties Corp. for $89 million, purchasing 78.4 million shares at a price of $1.14 per unit. The deal, concluded on June 10, 2025, with La Mancha Investments, is part of Tether's strategy to integrate real assets such as gold and bitcoin into its ecosystem. Tether also signed an option agreement with AlphaStream Limited to purchase another 34.4 million shares after October 29, 2025, subject to Elemental's approval.
This step strengthens Tether's position in creating a sustainable financial infrastructure. The company already owns 80 tons of physical gold and over 100,000 , supporting its Tether Gold token ($XAUT). Tether's CEO Paolo Ardoino emphasized that the investment in Elemental, which offers access to global gold mining through royalties, reduces operational risks and enhances transparency. The deal complies with Canadian regulatory standards and may impact the company's future management.
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