Tether Acquires 32% Stake in Canadian Gold Firm Elemental in $89M Deal to Strengthen Real-Asset Strategy

Tether, the world’s largest stablecoin issuer, is deepening its bet on real-world assets with a strategic move into the gold sector. Through its independent investment arm, Tether Investments, the company has acquired nearly a 32% stake in Canadian-based Elemental Altus Royalties Corp. for approximately $89.2 million.

Tether Acquires Strategic Stake in Elemental Altus to Deepen Push Into Gold and Hard Asset-Backed Financial Infrastructure - Tether.io

12 June 2025 – Tether Investments S.A. de C.V. (“Tether Investments”), an affiliate of the Tether Group, has announced the acquisition of a substantial stake in Elemental Altus Royalties Corp. (“Elemental”), a publicly listed gold-focused royalty company based in Canada. The investment marks a significant step in Tether’s broader strategy to integrate long-term, stable assets such […]

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The acquisition, finalized via a private offshore agreement on June 10, gives Tether Investments ownership of 78.4 million common shares at 1.55 CAD ($1.14) per share. When combined with shares it already held, Tether’s total ownership in Elemental now reaches 33.7% of the company’s outstanding shares.

Elemental Altus operates within a royalty and streaming model—providing funding to mining firms in exchange for future royalties or discounted access to metals. This approach offers exposure to global gold production without the operational risks typically associated with mining.

"Building on previous discussions with Tether, we are very pleased to officially welcome them as a major shareholder," said Frederick Bell, CEO of Elemental. "Their unmatched ability to support the company in its next phase of growth is exciting for all shareholders and a positive for the gold royalty sector."

The deal aligns with Tether’s long-term strategy to back its digital ecosystem with stable, tangible assets such as gold and bitcoin. CEO Paolo Ardoino described the investment as part of a broader effort to build a resilient and transparent financial infrastructure.

"Bitcoin provides the ultimate decentralized hedge against monetary inflation, and gold is a time-tested store of value," he said. "Our investment in Elemental strengthens the ecosystem behind Tether Gold and future commodity-backed digital assets."

Tether has also disclosed holdings of more than 100,000 bitcoin (valued at over $10 billion) and nearly 80 tons of physical gold, reinforcing its asset-backed model. Its Tether Gold (XAUT) token, backed by physical gold, is a core part of its growing stable of offerings tied to real-world commodities.

Additionally, Tether has secured an option to acquire another 34.4 million Elemental shares—currently worth $38.7 million—through an agreement with AlphaStream Limited. This option, if exercised, would raise Tether's stake to 47.7%, nearly half of the company’s total shares. However, the option cannot be exercised before October 29, 2025, unless approved by Elemental.