Tether Acquires 31.9% Stake in Canadian Gold Mining Firm

Tether Investments S.A. de C.V., an affiliate of the Tether Group, has acquired a 31.9% stake in Canada-based Elemental Altus Royalties Corp.

Tether, the issuer of the largest stablecoin Tether (USDT), has acquired a 31.9% stake in Canada-based Elemental Altus Royalties Corp. (CVE: ELE.TO) as part of its strategy to integrate real-world assets into its ecosystem.

Tether Investments S.A. de C.V., an affiliate of the Tether Group, purchased 78.4 million common shares of Elemental, known as the “La Mancha Shares,” from La Mancha Investments S.à.r.l. on June 10. The transaction was executed through a private, offshore agreement and grants Tether significant involvement in Elemental’s long-term strategy.

Elemental is a public royalty and streaming company providing global exposure to gold production without direct mining risk. It operates on the Toronto Stock Exchange and is a subsidiary of AlphaStream Limited, based in Abu Dhabi.

Tether also entered into the Alpha 1 Option Agreement with AlphaStream Limited and its subsidiary Alpha 1 SPV Limited, both based in Abu Dhabi. This deal grants Tether the option to acquire an additional 34.4 million shares of Elemental, pending conditions and regulatory approval.

The option is not exercisable before October 29, 2025, unless authorized by Elemental itself.

This acquisition further aligns with Tether’s dual-pillar approach to financial resilience, anchored by both Bitcoin and physical gold.

Earlier this year, Tether disclosed substantial holdings in both Bitcoin and physical gold, showcasing its strategy to invest in assets with intrinsic value and serve as a hedge against monetary inflation and systemic risk.

“Tether’s growing investments in gold and Bitcoin support our broader strategy to build a more resilient and transparent financial system,” said Paolo Ardoino, CEO of Tether. “We are committed to advancing an open and interconnected financial industry.”

The investment supports Tether’s expanding ecosystem of asset-backed financial products, including Tether Gold (XAUT) and its substantial Bitcoin holdings (over 100,000 BTC).

Ardoino highlighted that exposure to royalty-based gold production through Elemental fits Tether’s preference for low-operational-risk, high-transparency asset classes, complementing its broader digital strategy.

“Our investment in Elemental dovetails with our belief that tangible assets like Bitcoin and gold will underpin the most durable forms of digital value,” Ardoino added.

The transaction complies with Canada’s National Instrument 62-104, exempting it from formal takeover bid requirements. Tether Investments may seek further involvement in Elemental’s governance and long-term strategy, with potential for expanded collaboration subject to market and regulatory conditions.

The deal signals a continued expansion of Tether’s influence beyond stablecoins, anchoring its future in real-asset financial infrastructure designed for resilience, transparency, and long-term utility.