From Cointelegraph

June 12, 2025 11:11 am:

Tether acquires 32% stake in Canada’s Elemental Altus Royalties, buying 78,421,780 shares at $1.55 Canadian dollars per share, totaling approximately $89.4 million. This move aligns with Tether’s strategy to integrate stable assets like gold and Bitcoin in its ecosystem for a resilient digital economy. CEO Paolo Ardoino emphasizes building a transparent financial system with gold and Bitcoin investments.

Tether’s acquisition of Elemental Altus Royalties provides exposure to global gold production through a royalty and streaming model, reducing direct operational risks of gold mining. This aligns with Tether’s preference for low-risk exposure to real-world assets to enhance the stability of digital financial products. The move aims to strengthen the backing of Tether Gold (XAUt) and future commodity-backed digital assets.

Tether’s XAUt stablecoin emerged as the largest gold-backed cryptocurrency with an $854 million market cap in April 2025. This growth coincided with a 30% surge in spot gold prices year-to-date, peaking at $3,500 in April. Tether’s active investments, including the recent stake acquisition in Elemental Altus Royalties, reflect the company’s strategy to diversify and strengthen its financial infrastructure.

Tether’s recent investments include a record-breaking $13 billion profit in 2024, acquisition of $458.7 million in Bitcoin for Twenty One Capital, and a 30% stake in Italian media company Be Water. The company has also invested in the Juventus football club and backed self-custodial crypto wallet Zengo. Tether’s strategic moves indicate a shift towards a diverse and resilient financial ecosystem.

Read more at Cointelegraph: Tether Buys $89 Million In Elemental Altus Royalties Shares