Tether Doubles Down on Gold Strategy With Additional $100M Elemental Investment

Tether has deepened its commitment to gold by investing another $100 million in Elemental Altus Royalties, a Canadian gold royalty firm. This move follows an initial $105 million investment in June, which secured Tether a 37.8% stake in the Toronto-listed company. The latest transaction coincides with Elemental's merger with rival EMX, creating a larger platform for Tether's gold exposure strategy.

Juan Sartori, Tether's head of business initiatives, confirmed the investment aligns with the company's broader strategy to diversify into precious metals. CEO Paolo Ardoino views Gold as "natural Bitcoin," positioning it as a complementary asset to digital currencies. Tether is actively exploring opportunities across the gold supply chain, from extraction to trading and royalty investments.

The stablecoin giant reported $5.7 billion in profits during the first half of 2025, primarily from U.S. Treasury holdings backing its $168 billion USDT token. These substantial cash flows have enabled Tether to expand beyond traditional Treasury investments. The company already holds $8.7 billion worth of gold bars in a Zurich vault as collateral for its stablecoin operations.