In a major strategic investment, Tether Investments has acquired an approximate 31.9% stake in Elemental Altus Royalties Corp., a Canadian precious metals royalty company. The deal, valued at $89.2 million, is part of Tether’s broader mission to diversify its asset portfolio with long-term, stable-value holdings like gold and bitcoin.
A Strategic Move Towards Real-World Assets
Tether acquired 78,421,780 common shares at 1.55 CAD ($1.14) per share, representing a significant portion of Elemental’s total equity.
This stake gives Tether indirect yet diversified exposure to global gold production through royalty and streaming agreements. Such financial models provide access to revenues from mining operations without the operational risks traditionally associated with mining companies.
Total Ownership Approaches 34%
Prior to this acquisition, Tether already held 4.36 million shares in Elemental.
With the new purchase, Tether’s total holding rises to 82,782,291 shares, equivalent to approximately 33.7% of Elemental’s outstanding equity.
This transaction was completed via a private offshore agreement with La Mancha Investments S.à.r.l. on June 10.
Supporting the Next Phase of Growth
Elemental’s CEO, Frederick Bell, expressed optimism about the new partnership:
“Tether’s unmatched ability to support the company in its next phase of growth is exciting for all shareholders,” he stated, emphasizing the strategic value Tether brings as a major institutional investor.
Shares of Elemental (ELE) have shown strength in 2025, rising 34.2% year-to-date despite a minor pullback on the day of the announcement.
Gold and Bitcoin as Financial Infrastructure
This acquisition aligns with Tether’s long-term vision to integrate stable real-world assets such as gold and bitcoin into its digital ecosystem.
Tether views these assets as financial hedges and foundational pillars for building a decentralized and resilient economic infrastructure.
With this move, Tether continues to evolve beyond stablecoin issuance into an entity that supports decentralized finance with a diversified and asset-backed approach.