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On June 10, 2025, Tether Investments S.A. de C.V., a subsidiary of Tether Holdings Ltd., announced the acquisition of common shares in Elemental Altus Royalties Corp., a Canadian gold-focused royalty company. This strategic investment aligns with Tether's vision to integrate tangible assets, such as gold, into its digital asset infrastructure, enhancing transparency and utility in the digital financial ecosystem. Paolo Ardoino, CEO of Tether Investments, emphasized that this move reflects the company's long-term confidence in gold's role in financial markets and its commitment to backing digital assets with real-world value.
Parties
Company
Tether Investments
Company
Elemental Altus Royalties Corp.
Deal Type
Merger & AcquisitionIndustry
MiningTransaction
Undisclosed/ConfidentialDeal Status
ActiveClosing Date