Tether Expands Gold Strategy with Stake in Elemental Altus Royalties

Tether Investments acquires a significant stake in Elemental Altus Royalties Corp, enhancing its gold and hard asset-backed financial infrastructure strategy.

Crypto behemoth Tether has continued to expand its hard asset-backed financial infrastructure strategy with a significant investment in Elemental Altus Royalties Corp ( ELE -0.36%) , a Canadian-based, publicly listed company focused on gold royalties.

Announced on June 10, 2025, Tether Investments S.A. de C.V., an affiliate of the Tether Group, has acquired 78,421,780 common shares of Elemental from La Mancha Investments S.à.r.l., representing approximately 31.9% of Elemental’s issued and outstanding shares.

This transaction was completed offshore through a private agreement, as stipulated by Canadian securities regulations.

In addition to the share purchase, Tether has entered into an option agreement with AlphaStream Limited and its subsidiary, Alpha 1 SPV Limited, for the option to purchase an additional 34,444,580 Elemental common shares, subject to specific terms and conditions. This option is exercisable after October 29, 2025, unless Elemental grants approval earlier.

The option price per common share will be determined based on a formula linked to the average market price of Elemental’s common shares on the Toronto Stock Exchange for a period of 10 consecutive trading days.

This investment aligns with Tether’s ongoing efforts to integrate stable assets like gold and Bitcoin into its ecosystem.

“At Tether, we are committed to supporting a transparent and resilient financial system,” said Paolo Ardoino, CEO of Tether. “We believe that Bitcoin, in its role as a decentralized hedge against monetary inflation, and gold, in its enduring status as a store of value, are both crucial components of this vision.”

Ardoino further highlighted the importance of tangible assets in a rapidly changing technological landscape.

“We are actively exploring opportunities to engage in a constructive dialogue with Elemental’s management and board of directors regarding potential collaborative initiatives and governance participation, within the boundaries of regulatory frameworks and market conditions,” Ardoino added.

The transaction has been approved by the applicable Canadian securities regulations and is exempt from the formal takeover bid rules.

Earlier this year, Tether disclosed holdings of over 100,000 Bitcoin and nearly 80 tons of physical gold, which also serves as the backing for its Tether Gold (XAUT) token.

This investment in Elemental Altus Royalties provides Tether with diversified exposure to global gold production through a royalty and streaming model, aligning with its preference for strategic, low-risk exposure to real-world assets.