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., marking a major move in the company’s strategy to integrate real-world assets such as gold into its ecosystem.
The acquisition further aligns with Tether’s dual-pillar approach to financial resilience, anchored by both Bitcoin and physical gold.
On June 10, Tether purchased 78.4 million common shares of Elemental—referred to as the “La Mancha Shares”—from La Mancha Investments S.à.r.l. via a private, offshore agreement. The transaction positions Tether as a significant stakeholder in Elemental, a public royalty and streaming company offering global exposure to gold production without direct mining risk.
Simultaneously, Tether entered into the Alpha 1 Option Agreement with AlphaStream Limited and its subsidiary Alpha 1 SPV Limited, both based in Abu Dhabi. The deal grants Tether the option to acquire an additional 34.4 million shares of Elemental, pending conditions and regulatory approval, and not exercisable before October 29, 2025, unless authorized by Elemental itself.
“Tether’s growing investments in gold and Bitcoin reflect our forward-looking strategy to build a more resilient and transparent financial system,” said Paolo Ardoino, CEO of Tether. “This is not just about investment—it’s about building financial infrastructure for the next century.”
Expanding Real-Asset-Backed Digital Finance
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). The company has also disclosed ownership of nearly 80 tons of physical gold, reinforcing its shift toward tangible asset reserves as a hedge against monetary inflation and systemic risk.
Ardoino emphasized 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 complements our long-standing belief that tangible assets like Bitcoin and gold will underpin the most durable forms of digital value,” Ardoino added.
Regulatory Compliance and Future Collaboration
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.
Source
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/tether-acquires-31-9-stake-in-canadian-gold-mining-firm/