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Highlights
- Tether's investment in gold mining comes as part its strategy to diversify investments and strengthen USDT reserves.
- This investment aligns with Tether’s broader approach of integrating gold and Bitcoin into its portfolio
- Tether CEO Paolo Ardoino revealed the company's acquisition of 50 tons of gold and 100,000 Bitcoins.
- With both Bitcoin and gold delivering over 40% returns in the past year, Tether's dual investment reflects smart diversification.
USDT stablecoin issuer Tether announced purchasing a massive 32% stake in Canada-based Gold mining firm Elemental Altus Royalties Corp, as part of the company’s latest hedge and diversifying it investments across asset classes. The stablecoin firm is aggressively expanding its investments both into Bitcoin and Gold in recent months. This investment comes with the company’s goal of solidifying its reserves and backing for the USDT stablecoin.
Tether Doubles Down on Gold Bets
Earlier today, USDT stablecoin issuer acquired a 31.9% stake in Canada-based gold mining firm, Elemental Altus Royalties Corp. The purchase includes 78,421,780 shares and aligns with Tether’s broader strategy of integrating gold mining and Bitcoin into its portfolio as a financial hedge and decentralized infrastructure.
The announcement comes within two weeks of company CEO Paolo Ardoino stating that they have already acquired 50 tons of gold along with 100,000 Bitcoins.
Additionally, the stablecoin firm has signed an option agreement with AlphaStream Limited to acquire 34,444,580 more shares after October 29, 2025, subject to approval from Elemental. This future acquisition would help the stablecoin firm further consolidate its gold investments. Commenting on the development, Ardoino said:
“Tether’s growing investments in gold and Bitcoin reflect our forward-looking strategy to build a more resilient and transparent financial system. Just as Bitcoin provides the ultimate decentralized hedge against monetary inflation, gold continues to be a time-tested store of value”.
Elemental Altus Royalties Corp., headquartered in Canada, specializes in gold royalty streams. It provides exposure to gold production without the operational risks of direct mining.
Apart from BTC and Gold, the stablecoin firm also owns its own Tether Gold (XAUT), a token backed by physical gold, as part of its product portfolio and risk management strategy.
Gold Keeping Up With BTC Gains
Institutional players are loading investments into both Bitcoin and Gold, which are the only two assets with more than 40% returns over the past 12 months. However, BTC surpassed Gold in US ownership recently, for the first time in history. Thus, it seems to be a smart move from the USDT issuer to diversify investments in both these asset classes.
Last week, Tether announced to revolutionize Bitcoin mining by open-sourcing its Bitcoin Mining OS (MOS). This initiative aims to level the playing field between large-scale and smaller mining operations.
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