Tether has acquired a 31.9% stake in Elemental Altus Royalties Corp, a Canadian gold-focused investment firm, for $89.2 million. This purchase involves 78,421,780 common shares at 1.55 CAD each. The investment is part of Tether's 'dual pillar' strategy to diversify into stable assets like gold and Bitcoin. CEO Paolo Ardoino emphasized gold's value as a store of value, reinforcing Tether's ecosystem. This follows Tether's previous investments in Bitcoin mining, biotech startups, and an increased stake in Juventus FC.