Tether invests in Canadian gold company to strengthen its reserves

The crypto firm now holds over 100,000 BTC and nearly 80 tons of gold.

Tether says holding gold and crypto strengthens its position in traditional and decentralised finance.

Tether has acquired nearly a third of a Canadian gold firm as part of its expanding dual investment strategy in Bitcoin and gold. The firm has bought 78.4 million shares in Elemental Altus for CA$121.5 million, securing 31.9% of the company.

The company, best known for minting USDT, now holds over 100,000 Bitcoin and nearly 80 tons of physical gold. It describes this as a ‘dual pillar strategy’ designed to safeguard value and improve financial resilience amid rising inflation and monetary uncertainty.

Tether CEO Paolo Ardoino said Bitcoin and gold offer complementary protections, with the former being a decentralised hedge and a long-trusted store of value. The company has also issued XAUT, a stablecoin backed by gold, currently valued at over $833 million.

USDT continues to dominate global trading volumes and has gained popularity in emerging markets as a digital dollar alternative. Tether says holding gold and crypto strengthens its traditional and decentralised finance position.

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