XAU Showing Bearish Flag Pattearn & Dropped $3K Support area. Price dropping now and back to $3K price level area. price FVG touch and Strong support $3K Price Level area. Here is many support Holder. Stoploss: $3,536
Entry: $3,377
1st Target point $3,377
2nd Target point $3,249
3rd Target point $3,028
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Trade active
Stoploss: $3,536Entry: $3,377
1st Target point $3,249
2nd Target point $3,157
3rd Target point $3,028
Trade closed: target reached
12 JUNE ON THE BLOCK: Tether acquires 32% stake in Canadian gold-focused firm Elemental for $89 millionStablecoin and gold-backed token issuer Tether has acquired an approximate 31.9% stake in Canadian precious metals royalty company Elemental Altus Royalties Corp. through its affiliated but independent investment arm, Tether Investments.
Tether Investments also signed an agreement with AlphaStream Limited and its wholly owned subsidiary, Alpha 1 SPV Limited, on Tuesday, granting it the option, though not the obligation, to acquire an additional 34,444,580 Elemental common shares (currently worth around $38.7 million) in an offshore deal. The option can't be exercised before October 29, 2025, unless approved by Elemental, and is subject to certain terms and conditions, Tether noted. If the option is exercised, Tether would hold 117,226,871 common shares, representing about 47.7% of the company's outstanding shares.
Tether Group recently disclosed holdings of over 100,000 BTC ($10.7 billion) and nearly 80 tons of physical gold, alongside its Tether Gold (XAUT) token, backed by physical gold, which has become a key part of the firm's product and risk strategy, it said.
"We believe in financial systems that are backed by real assets, not just promises," Ardoino added. "Our investment in Elemental complements our long-standing belief that tangible assets like bitcoin and gold will underpin the most durable forms of digital value."
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.