Tether acquired 32% of a prominent Canadian firm linked to the gold business.
The most successful company in the stablecoin sector, Tether, recently acquired 32% of the shares of a firm linked to gold mining. This is the prominent Canadian company Elemental Altus Royalties Corp. It is important to note that this company is dedicated to the royalty sector of mining activities without directly participating in extraction.
In this sense, Elemental provides financing to mining companies in exchange for royalties, part of future profits, or discounts on purchases. Thus, the firm does not expose itself directly to the operational risks of mining. With this investment, Tether also gains significant exposure to the gold sector without directly engaging in the extraction process.
On the other hand, it is noteworthy that the purchase was handled by Tether Investment, the investment branch of the company led by Paolo Ardoino. In total, 74,421,780 common shares were negotiated at a price of 1.55 Canadian dollars (1.14 US dollars) per share. The operation reached 89.2 million dollars, positioning the USDT issuer as the new majority partner of Elemental.
✨✨Tether advances in its goal with gold and Bitcoin.▫️◽◻️
Tether's plans aim to diversify its financial capacity into as many sectors as possible. Likewise, the company seeks to build a backing in solid assets such as gold and Bitcoin, as Ardoino stated during the Bitcoin 2025 Conference. At that event, the executive revealed that the company holds more than 100,000 BTC and 50 tons of gold.
This allows Tether to create a reserve similar to that of Strategy, but based on these two assets. Ardoino claims that both represent key functions: while providing the company with solid financial coverage, they also contribute to a more robust and decentralized scheme. This advancement, he expressed, constitutes a crucial step towards the digital economy.
Another interesting part of this new investment is that Tether plans to acquire a larger number of shares in Elemental. To this end, it signed an agreement with AlphaStream that guarantees it the option (not mandatory) to access 34,444,580 additional shares, currently valued at 38.7 million dollars.
With the stipulated terms and conditions, if this option is realized, Tether would reach a 47.7% stake in the company. Now that it has acquired this first batch of shares in a gold-related company, its strategic path seems defined, and the firm's potential could grow considerably.