Tether has taken a significant step in its long-term diversification strategy, expanding its business far beyond the issuance of the USDT stablecoin.
On June 12, the issuer #USDT disclosed information about acquiring a stake in Elemental Altus Royalties, a player specializing in gold royalties. According to the company itself, on June 10, Tether purchased 78.4 million common shares from La Mancha Investments. This stake represents approximately 31.9% of all shares of Elemental Altus.
Although the exact amount of the deal is not disclosed, based on the recent price of Elemental shares, which is 1.5 Canadian dollars ($1.15), the valuation of the package approaches a substantial $90 million, according to Google Finance.
In addition, #Tether has signed an option contract with AlphaStream Limited, which will grant the right to acquire an additional 34.4 million shares. However, this option cannot be exercised before October 29, 2025, unless the board of directors of Elemental gives other consent.
If Tether decides to exercise this right, its total holdings will exceed 48% of the total capital of Elemental Altus.
In addition to the purchase of shares itself, Tether has indicated that it plans to cooperate more closely with the management of Elemental, discussing long-term capital strategies and possible operational partnerships, of course, taking into account all regulatory requirements and market realities.
Through Elemental's royalty and streaming model, Tether gains access to gold mining without direct involvement in the operational risks of the mining industry. The company sees this as an effective way to integrate real assets into its blockchain products.
Tether's CEO Paolo Ardoino noted that this step is part of a broader strategy to diversify reserves towards traditional assets.
"Just as Bitcoin is essentially a decentralized hedge against inflation, gold remains the top, time-tested means of preserving value. By gaining access to a diversified portfolio of gold royalties through Elemental, we strengthen the foundation of our ecosystem and move forward with Tether Gold and future commodity-backed digital assets," Ardoino said.
In recent years, Tether has smoothly increased its portfolio with both Bitcoin and gold to reduce macroeconomic risks and to manage profits as efficiently as possible. The company now has more than 100,000 Bitcoins and almost 80 tons of real gold at its disposal.
"We believe in financial systems that are not built on empty promises, but are genuinely backed by assets... Tokenized assets like Bitcoin and gold are the foundation for the strongest forms of digital value," he added, emphasizing the seriousness of his words.
