Tether acquires 31.9% stake in Elemental Altus

Odaily News Tether acquires strategic stake in Elemental Altus, a Canada-based publicly traded gold royalty company that aims to integrate long-term stable assets such as gold and Bitcoin into its ecosystem. Tether acquired 78,421,780 common shares of Elemental, representing approximately 31.9% of Elemental's issued and outstanding shares. The transaction was completed offshore via private agreement.