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Tether Acquires 31.9% Stake in Canadian Gold Mining Firm
- Tether has acquired a 31.9% stake in a Canadian gold mining firm, Elemental.
- The acquisition includes 78.4 million common shares from La Mancha Investments S.à.r.l.
- Tether also has the option to acquire an additional 34.4 million shares through the Alpha 1 Option Agreement.
- The investment aligns with Tether's strategy of financial resilience with holdings in Bitcoin and physical gold.
- Tether aims to build a transparent financial system for the future.
- The acquisition supports Tether's ecosystem of asset-backed financial products like Tether Gold and Bitcoin.
- Tether now owns nearly 80 tons of physical gold as part of its asset reserves.
- The investment in Elemental indicates Tether's belief in durable digital value backed by Bitcoin and gold.
- The transaction complies with Canada's takeover bid regulations.
- Tether might seek further involvement in Elemental's governance and strategy.
- The deal signifies Tether's expansion into real-asset financial infrastructure.
- Tether focuses on resilience, transparency, and long-term utility with its investments.
- The article covers Tether's acquisition of a stake in a Canadian gold mining firm.
- The post was originally published on Coindoo.
- The article is eligible for web story generation.
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