Tether has taken a new step in its long-term strategy of diversifying outside its major stubcoin issuance businesses.
On June 12, the USDT Stablecoin issuer revealed that it had acquired a stake in Elemental Altus Royalties, a company specializing in gold royalties.
According to the company, on June 10th, it secured 78.4 million shares from its Ramancha investment. This stake accounts for approximately 31.9% of Elemental Altus’ outstanding shares.
Tether did not specify a purchase price, but according to data from Google Finance, the shares are valued at nearly $90 million based on Elemental’s recent stock price of 1.5 ($1.15).
Tether also signed an option agreement with Alphastream Limited, allowing him to acquire an additional 34.4 million shares. However, this option cannot be exercised by October 29, 2025 unless otherwise approved by Elemental’s board of directors.
When exercised, combined tether holdings represent nearly 48% of Elemental’s total capital.
Beyond stock purchases, Stablecoin issuers have shown that they may explore further involvement in Elemental’s leadership and governance. Future collaborations will include discussions on long-term capital strategies and operational partnerships subject to regulatory approval and general market conditions.
Tether deepens gold and bitcoin commitment
Through Elemental’s royalty and streaming model, Tether is exposed to gold production without assuming the direct risks associated with mining operations. The company sees this approach as an efficient way to link real-world assets to growing blockchain-based products.
Tether CEO Paolo Ardoino said the move reflects the company’s broader strategy of diversifying reserves with traditional assets.
Aldoino said:
“Just as Bitcoin offers the ultimate diversified hedge against monetary inflation, gold will remain an unregistered valued storage. By touching on a diverse portfolio of gold loyalties through elemental, we are strengthening our support for our ecosystems while advancing digital assets covered in tether gold and future commodities.”
Over the years, Stablecoin’s company has steadily incorporated Bitcoin and Gold into its portfolio to make hedges and profits against macroeconomic risk work. Tether owns over 100,000 bitcoin and nearly 80 tons of physical gold.
He added:
“We believe in a financial system that is backed by not only promises but actual assets. Tangible assets like Bitcoin and Gold support the most durable forms of digital value.”
It is mentioned in this article
