Tether Group affiliate Tether Investments has invested in Elemental Altus, a gold royalty company, in a bid to increase its investments in gold. This latest move is part of the stablecoin company’s long-term strategy to integrate Bitcoin and gold into its ecosystem, as per a press release by Tether.
To secure the investment, Tether Investments bought 78,421,780 shares of the company from La Mancha Investments. This represents 31.9% of Elemental’s shares, issued and outstanding.
“Tether’s growing investments in gold and Bitcoin reflect our forward-looking strategy to build a more resilient and transparent financial system,” said CEO of Tether, Paolo Ardoino.
“Just as Bitcoin provides the ultimate decentralized hedge against monetary inflation, gold continues to be a time-tested store of value. By gaining exposure to a diversified portfolio of gold royalties through Elemental, we are strengthening the backing of our ecosystem while advancing Tether Gold and future commodity-backed digital assets. This is not just about investment—it’s about building financial infrastructure for the next century.”
The Tether Group is heavily invested in gold and Bitcoin, holding more than 100,000 Bitcoin and ownership of more than 80 tons of gold. It also has XAUT, a Tether Gold token that is backed by physical gold.
“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.” said Ardoino