Surprising Investment from Stablecoin Giant Tether! Acquired Shares from Canadian Commodity Company! Here are the Details

The company behind the world’s largest stablecoin USDT, Tether, announced that it has acquired a significant stake in the gold mining company Elemental, which is listed on the exchange in Canada.

Tether Acquires 31.9% Stake in Canadian Gold Miner Elemental and Aims for Further Growth

The company took a significant step into traditional commodity sectors by buying approximately 31.9% of Elemental’s shares, totaling 78,421,780 shares.

In addition to the first buy out, Tether signed an option agreement with AlphaStream Limited. This agreement grants Tether the right to purchase an additional 34,444,580 shares after October 29, 2025, with the approval of Elemental.

This move is in line with Tether’s strategy to diversify its portfolio beyond digital assets and strengthen its ties with real-world commodities. In recent years, Tether has increased its interest in infrastructure and resource-backed investments, particularly those that could enhance financial stability and transparency across markets.

This purchase highlights the issuer of the stablecoin’s goal to become more actively involved in traditional industries while potentially using its presence in the precious metals sector to support asset-backed digital products.

*It is not investment advice.

Follow our Telegram group, Twitter account, and Youtube channel immediately for exclusive news, analyses, and on-chain data! Also, start live price tracking by downloading our Android and IOS applications right away!