Latest news with #TetherInvestments
Yahoo
31-07-2025
- Business
- Yahoo
Tether Posts $4.9B Profit, Surpasses $127B In U.S. Treasuries In Q2
Tether (CRYPTO: USDT) on Thursday released its Q2 2025 attestation, showing the company added over $13.4 billion in USDT during the quarter. What Happened: With more than $20 billion in net new issuance year-to-date, the total supply of USDT has risen to over $157 billion. The report shows that Tether's total exposure to U.S. Treasuries climbed to $127 billion, including $105.5 billion in direct holdings and $21.3 billion held indirectly, up from roughly $119 billion in Q1. This level of exposure places Tether among the world's largest holders of U.S. sovereign debt, rivaling even institutional investors and central banks. Tether's net profit for the second quarter reached approximately $4.9 billion, with $3.1 billion of that attributed to recurring operational earnings. The remainder, roughly $1.8 billion, came from mark-to-market appreciation in its bitcoin and gold holdings. Combined with Q1 results, total net profit for the first half of 2025 now stands at $5.7 billion. Shareholder capital remained steady at around $5.47 billion, supporting Tether's long-term solvency. The attestation confirmed that Tether's total assets stood at $162.57 billion at the end of June, exceeding its $157.1 billion in liabilities, of which $157.1 billion were related to tokens issued. Tether noted that proprietary investments in emerging sectors such as AI, energy, and communications are not counted as part of its token reserves. However, these ventures, led through Tether Investments and XXI Capital, continue to receive a growing share of Tether's retained earnings. The firm reported that roughly $4 billion has already been deployed into U.S.-based ventures as part of its reinvestment strategy, including projects like Rumble and the Rumble Wallet. These initiatives are aimed at enhancing financial infrastructure, digital rights, and open-source platforms globally. Also Read: What's Next: CEO Paolo Ardoino emphasized growing confidence in Tether's model, stating, "Q2 2025 affirms what markets have been telling us all year: trust in Tether is accelerating." "With over $127 billion in U.S. Treasury exposure, robust Bitcoin (CRYPTO: BTC) and gold reserves, and over $20 billion in new USDT issued, we're not just keeping pace with global demand, we're shaping it,' he added. Ardoino also noted that Tether represents a "live, proven model" of stablecoin functionality at scale, offering "transparency, resilience, and massive global reach" amid ongoing regulatory developments concerning digital dollars. Read Next: Image: Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? This article Tether Posts $4.9B Profit, Surpasses $127B In U.S. Treasuries In Q2 originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
24-06-2025
- Business
- Associated Press
Gleason & Sons Increases Its Holdings in Elemental Altus Royalties After Tether's Investment, Expanded Revenues
CHARLOTTE, NORTH CAROLINA / ACCESS Newswire / June 24, 2025 / Gleason & Sons LLC today announced today it has acquired nearly one million common shares of Elemental Altus Royalties Corp. ('Elemental Altus' or 'the Company') (TSXV: ELE )(OTCQX: ELEMF ) via ongoing open market purchases. 'We are pleased to be increasing our long-term investment in Elemental Altus as its management team transitions the Company into an exciting new growth phase - having paid off all debt, booked its most profitable quarter ever, and streamlined its governance structure,' said Stefan Gleason, managing director of Gleason & Sons. 'Elemental Altus is now 'locked and loaded' with an unused $50 million credit facility, more than $20 million in cash, and a new, deep-pocketed major shareholder in Tether Investments that understands the importance of accumulating hard assets. 'The Company's prior investments have created an expansion of payable ounces, revenues, and net income at the most opportune time, given the ongoing rally in gold prices. 'We believe Elemental Altus remains significantly undervalued and is well positioned not only to acquire additional royalties but also, potentially, to serve as a catalyst for consolidation in the mining royalty space.' Gleason concluded. Gleason & Sons is the family office of Stefan Gleason, a Charlotte-based entrepreneur who owns several privately held businesses in the United States, including Money Metals Exchange LLC. Money Metals is one of the largest precious metals dealers and depositories in North America with nearly one million customers and over C$1 billion in annual revenues. Gleason & Sons specifically targets equity and debt investments in mining royalty companies. Historically lower risk than direct investments in miners and explorers, the royalty model appears ideally positioned for an inflationary environment. Metals prices tend to rise, yet the royalty holder is insulated from the downside of higher operating, exploration, and capital costs at the underlying mines as well as other risks. Stefan Gleason Gleason & Sons LLC Tel: 208-577-2230 This release includes certain statements that may be deemed 'forward-looking statements.' All statements in this release, other than statements of historical facts, that address anticipated future events are forward-looking statements. Although the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. SOURCE: Gleason & Sons LLC press release
Yahoo
17-06-2025
- Business
- Yahoo
Elemental Altus Announces Changes to Board Following Tether Investment
Vancouver, British Columbia--(Newsfile Corp. - June 17, 2025) - Elemental Altus Royalties Corp. (TSXV: ELE) (OTCQX: ELEMF) ("Elemental Altus" or the "Company") is pleased to announce the appointment of new directors to the Company (the "Appointment"), effective immediately, reflecting the acquisition of a 37.8% stake in the Company by Tether Investments S.A. de C.V. ("Tether") and the right to acquire a total of 51.8% of the Company's issued and outstanding common shares. Prior to the Appointment, the Company's board of directors consented to Tether's exercise of its option over the Company shares held by Alpha 1 SPV. Tether's investment in the Company reflects an expanding commitment to real-world assets that deliver stability, scalability and long-term value, recognizing Elemental Altus' disciplined royalty strategy and exposure to gold as a resilient store of value. Director Appointments New Executive Chairman Juan Sartori and non-executive directors Simon Vumbaca, and Ravi Sood have been appointed to the Board, alongside existing members Sandeep Singh and Prashant Francis. Frederick Bell, who will continue as CEO of the Company, John Robins, Martin Turenne, Matthieu Bos, and Vincent Benoit have agreed to step down. These appointments are subject to ratification by shareholders at the upcoming Annual General Meeting. "We are pleased to welcome our new directors as we enter an exciting phase of growth for the Company," said Frederick Bell, CEO. "With a streamlined Board, renewed ambition to scale the business and the support of Tether, the Company is in a unique position to expand its portfolio of predominantly gold royalties. As we look ahead, we also extend our sincere gratitude to the outgoing directors whose guidance and dedication over the years have been instrumental in the Company's development. They leave the Company in the strongest financial position in its history, providing a solid foundation for the future." Juan Sartori, newly appointed Executive Chairman, added: "The opportunity to invest in and support the Company at this pivotal point is an important milestone in Tether's strategy to increase its exposure to gold. Elemental Altus' management team has built a strong foundation through disciplined execution and we look forward to supporting the next phase of transformational growth. By leveraging the synergies and convergence we are witnessing between real and digital assets — driven by crypto technologies, as exemplified by Tether Gold — we believe we can unlock substantial value. We are also grateful for the hard work of all involved in enabling us to complete this investment so quickly and for the outgoing Board for their years of service and meaningful contributions to the Company's success." Director Biographies Juan Sartori Mr. Sartori is the Chairman and founder of Union Group International Holdings, a privately owned investment and private equity management firm with significant strategic Latin American interests. These cover the agricultural, energy, forestry, infrastructure and real estate sectors. Mr. Sartori established Union Group in 2007. Since its incorporation, Union Group and its subsidiaries have performed numerous transactions growing its portfolio of businesses of private and public companies. He has served as the non-executive Chairman of the Board for Union Acquisition Corp. II since December 2018 to 2021. He also served as Chairman of the Board of Union Acquisition Corp. from November 2017 until it completed its merger with Bioceres Crop Solutions in March 2019. Mr. Sartori is the co-owner of Sunderland A.F.C, Vice-President of AS Monaco Football Club, Board member of the European Club Association and of the Professional Football League (LFP) in France, and Executive Chairman of Adecoagro S.A. Mr. Sartori is a regular speaker about Latin American issues in worldwide conferences and media. Mr. Sartori began his career as a financial services entrepreneur in 2002 launching Union Capital Group, a Geneva based multi-strategy asset manager, selling its control in 2008. Mr. Sartori was elected and served as Senator of the Uruguayan Parliament for the legislative period going from February 15, 2020 to February 15, 2025. Mr. Sartori received a Bachelor Degree in Business and Economics from École des Hautes Études Commerciales de Lausanne. Ravi Sood Mr. Sood is the managing director of Signal 8 Limited based in Toronto, Canada. Mr. Sood has been a founder of and the principal investor in several businesses in emerging markets and currently serves as Chief Executive Officer of Golconda Gold Ltd. (TSXV) and Executive Chairman of Abraxas Power Corp. Mr. Sood was the founder and Chief Executive Officer of Navina Asset Management Inc., a global asset management firm headquartered in Toronto, Canada. Mr. Sood led the investment activities of Navina and its predecessor company, Lawrence Asset Management Inc., from its founding in 2001 until he sold the firm in 2010. Mr. Sood received a Bachelor Degree of Mathematics at the University of Waterloo where he was a Descartes Fellow and the recipient of numerous national awards. Simon Vumbaca Mr. Vumbaca is currently principal of London-based private investment office ASV Private Office where he works with businesses to set and to execute sophisticated value creation strategies. Over the past three decades, Mr. Vumbaca has led complex, high profile, and high value corporate and commercial negotiations, including most recently the sale of Pit Stop Betting in 2019. He operates in a peer group of investors including high-net worth individuals, overseas royal families, international conglomerates, private investors, financial institutions, elite athletes, artists, and sports club owners. Mr. Vumbaca currently serves as a non-executive director of Sunderland AFC, a professional English premier league football club, and is the Chair of AIG, an Agro conglomerate, amongst other appointments. Mr. Vumbaca holds a Masters (DEA) graduate degree from the Université Paris II Panthéon-Assas and is a licensed member of the Law Society of England and Wales and of the Colegio de la Abogacia Espanola. Frederick BellCEO Corporate & Media Inquiries:Tel: +1 604 646 4527info@ Elemental Altus is a proud member of Discovery Group. For more information please visit: or contact +1 604 646 4527. (TSXV: ELE) | (OTCQX: ELEMF) | (ISIN: CA28619K1093) | (CUSIP: 28619K109) About Elemental Altus Royalties Corp. Elemental Altus is an income generating precious metals royalty company with 10 producing royalties and a diversified portfolio of pre-production and discovery stage assets. The Company is focused on acquiring uncapped royalties and streams over producing, or near-producing, mines operated by established counterparties. The vision of Elemental Altus is to build a global gold royalty company, offering investors superior exposure to gold with reduced risk and a strong growth profile. Neither the TSX-V nor its Regulation Service Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this press release. About Tether Investments Tether Investments is a corporation existing under the laws of the Republic of El Salvador and is an affiliate of the Tether group of companies. Tether Investments is focused on strategic investments that complement its vision for open financial systems supported by digital and real-world assets. Cautionary note regarding forward-looking statements This news release contains "forward-looking information" within the meaning of applicable Canadian securities laws and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995, (together, "forward-looking statements"), concerning the business, operations and financial performance and condition of the Company. Forward-looking statements include, but are not limited to, statements with respect to the future price of gold; the estimation of mineral reserves and mineral resources; the realization of Mineral Reserve estimates; the Company's growth prospects; the Company's estimated 2025 revenues; and the timing and amount of estimated future production. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as "plans," "expects" or "does not expect," "is expected," "budget," "scheduled," "estimates," "forecasts," "intends," "anticipates" or "does not anticipate," "believes," "projects" or variations of such words and phrases or state that certain actions, events or results "may," "could," "would," "might" or "will be taken," "occur" or "be achieved." Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made, and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements, including, but not limited to, volatility in the price of gold, discrepancies between anticipated and actual production by companies in our portfolio, risks inherent in the mining industry to which the companies in our portfolio are subject, regulatory restrictions, the impact of the current COVID-19 pandemic on the companies in our portfolio, activities by governmental authorities (including changes in taxation), currency fluctuations and the accuracy of the mineral reserves, resources and recoveries set out in the technical data published by the companies in our portfolio. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company cautions readers not to place undue reliance on forward-looking statements, as forward-looking statements involve significant risks and uncertainties. Forward-looking statements should not be read as guarantees of future performance or results and will not necessarily be accurate indications of whether or not the times at or by which such performance or results will be achieved. The Company does not undertake to update any forward-looking statements except in accordance with applicable Canadian securities laws. Readers are directed to the Company's Annual Information Form dated April 29, 2024, filed under the Company's profile on SEDAR+ ( for a complete list of applicable risk factors. Investors are advised that National Instrument 43-101 Standards for disclosure for Mineral Projects ("NI 43-101") of the Canadian Securities Administrators requires that each category of Mineral Reserves and Mineral Resources be reported separately. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. To view the source version of this press release, please visit Sign in to access your portfolio
Yahoo
13-06-2025
- Business
- Yahoo
Tether Investments acquires stake in Elemental Altus, expands into gold-backed assets
Tether Investments, an affiliate of the Tether Group, has announced the acquisition of a 31.9% stake in Elemental Altus Royalties, a Canadian gold-focused royalty company. The move is part of Tether's strategy to incorporate stable, long-term assets such as gold and Bitcoin into its ecosystem, enhancing its commitment to a resilient and decentralised digital economy infrastructure. On 10 June 2025, Tether Investments executed the transaction by purchasing 78,421,780 common shares from La Mancha Investments, representing 31.9% of Elemental's issued and outstanding shares. This transaction, known as the La Mancha Shares deal, was conducted offshore through a private agreement. Tether CEO Paolo Ardoino said: 'Tether's growing investments in gold and Bitcoin reflect our forward-looking strategy to build a more resilient and transparent financial system. Just as Bitcoin provides the ultimate decentralised hedge against monetary inflation, gold continues to be a time-tested store of value. 'By gaining exposure to a diversified portfolio of gold royalties through Elemental, we are strengthening the backing of our ecosystem while advancing Tether Gold and future commodity-backed digital assets. This is not just about investment – it is about building financial infrastructure for the next century.' Concurrently with the acquisition of the La Mancha Shares, Tether Investments entered into an Alpha 1 Option Agreement with AlphaStream and its subsidiary, Alpha 1 SPV. The agreement grants Tether Investments the option to purchase an additional 34,444,580 common shares of Elemental, known as the Alpha 1 Shares, under specific terms and conditions. The option is exercisable no earlier than 29 October 2025, pending Elemental's consent. Elemental Altus Royalties provides Tether with a broad-based investment in worldwide gold output via a royalties and streaming approach, circumventing the inherent operational hazards associated with mining. This approach aligns with Tether's inclination towards calculated, minimal-risk investments in tangible assets, aiming to boost the transparency and solidity of its digital financial offerings. Elemental Altus Royalties has also solidified its asset portfolio by signing a deal with Cornish Metals in July 2024, acquiring two tungsten royalties in Canada for C$6.19m ($4.5m). This acquisition includes an uncapped 4% net smelter return royalty on the high-grade Mactung Project, operated by Fireweed Metals, which is recognised as one of the world's largest tungsten deposits outside China. "Tether Investments acquires stake in Elemental Altus, expands into gold-backed assets" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
13-06-2025
- Business
- Yahoo
Tether Investments acquires stake in Elemental Altus, expands into gold-backed assets
Tether Investments, an affiliate of the Tether Group, has announced the acquisition of a 31.9% stake in Elemental Altus Royalties, a Canadian gold-focused royalty company. The move is part of Tether's strategy to incorporate stable, long-term assets such as gold and Bitcoin into its ecosystem, enhancing its commitment to a resilient and decentralised digital economy infrastructure. On 10 June 2025, Tether Investments executed the transaction by purchasing 78,421,780 common shares from La Mancha Investments, representing 31.9% of Elemental's issued and outstanding shares. This transaction, known as the La Mancha Shares deal, was conducted offshore through a private agreement. Tether CEO Paolo Ardoino said: 'Tether's growing investments in gold and Bitcoin reflect our forward-looking strategy to build a more resilient and transparent financial system. Just as Bitcoin provides the ultimate decentralised hedge against monetary inflation, gold continues to be a time-tested store of value. 'By gaining exposure to a diversified portfolio of gold royalties through Elemental, we are strengthening the backing of our ecosystem while advancing Tether Gold and future commodity-backed digital assets. This is not just about investment – it is about building financial infrastructure for the next century.' Concurrently with the acquisition of the La Mancha Shares, Tether Investments entered into an Alpha 1 Option Agreement with AlphaStream and its subsidiary, Alpha 1 SPV. The agreement grants Tether Investments the option to purchase an additional 34,444,580 common shares of Elemental, known as the Alpha 1 Shares, under specific terms and conditions. The option is exercisable no earlier than 29 October 2025, pending Elemental's consent. Elemental Altus Royalties provides Tether with a broad-based investment in worldwide gold output via a royalties and streaming approach, circumventing the inherent operational hazards associated with mining. This approach aligns with Tether's inclination towards calculated, minimal-risk investments in tangible assets, aiming to boost the transparency and solidity of its digital financial offerings. Elemental Altus Royalties has also solidified its asset portfolio by signing a deal with Cornish Metals in July 2024, acquiring two tungsten royalties in Canada for C$6.19m ($4.5m). This acquisition includes an uncapped 4% net smelter return royalty on the high-grade Mactung Project, operated by Fireweed Metals, which is recognised as one of the world's largest tungsten deposits outside China. "Tether Investments acquires stake in Elemental Altus, expands into gold-backed assets" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
