{"id":159997,"date":"2025-06-14T09:00:31","date_gmt":"2025-06-14T06:00:31","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=159997"},"modified":"2025-06-13T19:04:35","modified_gmt":"2025-06-13T16:04:35","slug":"tether-makes-a-golden-move-snaps-up-one-third-stake-in-elemental-altus","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/tether-makes-a-golden-move-snaps-up-one-third-stake-in-elemental-altus\/","title":{"rendered":"Tether Makes a Golden Move: Snaps Up One-Third Stake in Elemental Altus"},"content":{"rendered":"<p>The firm just spent roughly C$126 million (about US$89 million) to buy 78.4 million shares of Vancouver-listed royalty specialist Elemental Altus at C$1.55 apiece.<\/p>\n<p>That single transaction hands Tether almost 32 percent of Elemental Altus\u2019s total equity, instantly vaulting the stablecoin issuer to the top tier of the gold-royalty company\u2019s shareholder register.<\/p>\n<p>Tether wasn\u2019t starting from zero: it had already built a small position of just over 4.3 million shares. After the latest purchase, its holdings climb to 82.8 million shares, equal to about 34 percent of Elemental Altus\u2019s outstanding stock.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/viral-solana-presale-raises-48m-last-chance-to-buy-solaxy-before-launch\/\" title=\"Viral Solana Presale Raises $48M: Last Chance to Buy Solaxy Before Launch\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/06\/solaxy-48m-1-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Viral Solana Presale Raises $48M: Last Chance to Buy Solaxy Before Launch<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Elemental Altus chief executive Frederick Bell <strong><a href=\"https:\/\/elementalaltus.com\/elemental-altus-is-pleased-to-announce-tether-investments-as-new-cornerstone-shareholder\/\" target=\"_blank\" rel=\"nofollow\">called<\/a><\/strong> the new backer \u201ca transformative partner\u201d poised to accelerate the firm\u2019s next growth stage. On Tether\u2019s side, CEO Paolo Ardoino framed the deal as a strategic bet on gold\u2019s enduring role in global finance\u2014and a natural complement to Tether Gold and any future commodity-linked tokens the company may launch.<\/p>\n<p>With the stablecoin giant now tied closely to a diversified stream of gold royalties, both crypto and metals markets will be watching to see how the alliance shapes Tether\u2019s push into asset-backed digital finance.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tether, the company behind the world\u2019s largest dollar-pegged stablecoin, has quietly expanded its footprint into the precious-metals sector.<\/p>\n","protected":false},"author":130,"featured_media":36397,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22],"tags":[71],"class_list":["post-159997","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-stablecoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tether Makes a Golden Move: Snaps Up One-Third Stake in Elemental Altus<\/title>\n<meta name=\"description\" content=\"Tether, the company behind the world\u2019s largest dollar-pegged stablecoin, has quietly expanded its footprint into the precious-metals sector.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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