Tether, the issuer of the world’s largest Stablecoin by market capitalization, continues his purchases with 32% acquisition in Canadian public license work of the Primer Altus.
Investments on Thursday announced Acquisition of 78 421 780 ordinary Elemental (ELE) shares from La Mancha Investments, which is 31.9% of broadcast and repayment of the Elemental campaign.
The transaction, completed on Tuesday, was made at a price of $ 1.55 Canadian dollars (USD 1.14) per share, According to For the announcement of Przenyental, costing Tether about $ 89.4 million.
The investment is a milestone in the Tether strategy consisting of “integration of long -term, stable assets such as gold and bitcoins” in its ecosystem, both as security and as part of his involvement in building resistant infrastructure of the digital economy, said Stablecoin emissions.
Exposure to gold without the risk of extraction
By purchasing ELE shares, Tether aims to exposure to global gold production using a model of license and streaming fees, which avoids the direct risk of operating gold extraction.
“This model is in line with Tether preferences for the strategic exposure of low risk to real assets that can increase the transparency and stability of digital financial products,” said Tether.
The General Director of Tether, Paolo Ardoino, emphasized the growing investments of the company in gold and bitcoins, which reflect the “future strategy of building a more resistant and transparent financial system”. He said:
“Like Bitcoin, it is the final decentralized security against cash inflation, gold is still a checked value of the value of values.”
“It’s not just about investment – it’s about building financial infrastructure for the next century,” said Ardoino.
Gold implications in Tether
In addition to inflation protection, Tether’s exposure to a varied gold portfolio through the elements allows the Issuer Stablecoin to strengthen the ecosystem support and develop his golden gold Stablecoin Tether or Xaut (Xaut).
The announcement also indicates more digital digital resources planned by Tether in the future using a modern exhibition.
Since the launch in 2020, Xaut Stablecoin from Tether has become the largest cryptocurrency on the market, reaching market capitalization worth $ 854 million in April, According to For Coingecko data.
Related: CEO Tether Snubs IPO, claims that the valuation of USD 515 billion is “some bear”
XAUT growth occurred among a meteoric gold raise last year, and gold prices increased by about 30% per year, and in April they reached USD 3500. Gold prices have dropped since then, falling to USD 3388 at the time of writing, According to to TradingView.
Vigorous Tether shopping
The takeover of Tether rates based on the number of Tant with Altus is another investment of the Issuer Stablecoin after the company recorded a record profit of $ 13 billion last year and officially went beyond Stablecouins in April 2024.
In May, Tether bought a Bitcoin worth $ 458.7 million (BTC) for twenty -one capital, the Bitcoin investment company, which expects to end the merger of the Acquisition company of a special goal from Cantor Equity Partners.
Then Tether moved another $ 3.9 billion in BTC to twenty -one capital at the beginning of June, which makes him the third largest corporate owner of BTC after strategy and mara.
Tether previously adopted 30% of shares in the Italian media company in March, invested in the Juventus football club and supported his own ZEngo crypting portfolio in February.
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