Tether acquires a 31.9% stake in Elemental Altus

Tether has acquired a strategic equity stake in Elemental Altus, a publicly listed gold royalty company headquartered in Canada. This move aims to integrate long-term stable assets such as gold and Bitcoin into its ecosystem. Tether purchased 78,421,780 common shares of Elemental, representing approximately 31.9% of Elemental’s issued and outstanding shares. The transaction was completed offshore through a private agreement.