Tether has purchased a 31.9% stake, about 78.4 million shares, in Elemental, a gold mining company listed in Canada. This marks a strategic move as Tether expands beyond crypto into real-world assets. The company also signed an option agreement with AlphaStream Limited, allowing it to buy an additional 34.4 million shares after October 29, 2025, subject to Elemental’s approval. The investment reflects Tether’s effort to diversify its holdings and strengthen its backing through exposure to traditional assets like gold.
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