Tether (USDT) stablecoin issuer announces purchasing a massive 32% stake in Canada-based Gold mining firm Elemental Altus Royalties Corp

USDT stablecoin issuer Tether announced purchasing a massive 32% stake in Canada-based Gold mining firm Elemental Altus Royalties Corp

Despite the recent turbulence in the cryptocurrency market, institutional players are keeping their focus on investing in Bitcoin and Gold. These two assets are the only ones to have achieved over 40% returns in the past 12 months, showcasing their resilience even amid broader economic instability.

However, BTC has pulled ahead in terms of U.S. ownership, marking the first time in history that a cryptocurrency has outpaced the classic precious metal. With no signs of slowing down, the USDT issuer seems to be making a wise decision by diversifying investments across both asset classes.

Earlier today, USDT stablecoin issuer acquired a 31.9% stake in Canada-based gold mining firm, Elemental Altus Royalties Corp. The purchase includes 78,421,780 shares and aligns with Tether’s broader strategy of integrating gold mining and Bitcoin into its portfolio as a financial hedge and decentralized infrastructure.

This announcement comes two weeks after company CEO Paolo Ardoino revealed that they have already acquired 50 tons of gold along with 100,000 Bitcoins.

Moreover, the stablecoin firm has signed an option agreement with AlphaStream Limited to acquire 34,444,580 more shares after October 29, 2025, pending approval from Elemental. This future acquisition would further solidify the stablecoin firm’s gold investments.

Commenting on the development, Ardoino said:

“Tether’s growing investments in gold and Bitcoin reflect our forward-looking strategy to build a more resilient and transparent financial system. Just as Bitcoin provides the ultimate decentralized hedge against monetary inflation, gold continues to be a time-tested store of value”.

Headquartered in Canada, Elemental Altus Royalties Corp. specializes in gold royalty streams. It provides exposure to gold production without the operational risks of direct mining.

Apart from BTC and Gold, the stablecoin firm also owns its own Tether Gold (XAUT), a token backed by physical gold, as part of its product portfolio and risk management strategy.

After a period of rapid increase in 2023, BTC seems to have stalled at the $70,000 level, despite several attempts to break through.