Tether Expands Gold Portfolio Through Major Investment in Elemental Altus

Tether has significantly expanded its gold reserves with a strategic investment in Elemental Altus, acquiring a substantial 31.9% stake in the company. This move adds over 78 million shares to Tether’s portfolio and boosts its stablecoin reserves by incorporating tangible asset backing. 50 tons of gold and 100,000 Bitcoin, already held by Tether, have also shown impressive returns exceeding 40% annually. The agreement includes an option for Tether to purchase additional shares, further cementing its long-term vision.