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Tether has gone gold hunting! The stablecoin giant bought 32% of Elemental Altus Royalties, a Canadian gold royalty firm. That’s 78 million shares for about $89.4 million.
This move isn’t random. Tether is building a fortress of real assets. Gold and Bitcoin are the new bricks.
Smart Gold Play
Elemental doesn’t mine gold—it profits from it. Through royalties and streaming, it gets a cut from global gold output. No digging, just cash flow. Tether likes that. Less risk, more reward.
Why This Matters
Tether wants stability. It’s diversifying. This gold investment backs up its crypto ecosystem and fuels projects like Tether Gold (XAUt).
Paolo Ardoino, Tether’s CEO, put it simply: Bitcoin is a hedge. Gold is timeless. Together, they’re the dynamic duo of financial security.
XAUt on the Rise
Tether’s gold-backed coin XAUt hit $854M in April. Gold prices soared too, peaking at $3,500. A golden year, literally.
Tether’s Shopping Spree
Tether’s been busy. It grabbed a chunk of Italian media, funded a crypto wallet, and backed Juventus FC. It also moved billions in BTC to a firm called Twenty One Capital. It’s not just a stablecoin company anymore.
Tether is clearly betting on a future where crypto and gold sit at the same table. No pickaxes required.
