Tether Expands Gold Investment Strategy with $100M Boost in Elemental Altus Royalties Stake

Tether Holdings SA, the issuer of the stablecoin USDT, plans to deepen its gold investment strategy by buying approximately $100 million in additional shares of Canadian gold royalty company Elemental Altus Royalties. This move aims to strengthen Tether's gold reserves and diversify its investment portfolio.

Mega Matrix Inc. (NYSE American: MPU) has made a significant strategic move by filing a $2 billion universal shelf registration statement on Form F-3 with the U.S. Securities and Exchange Commission (SEC). This filing, which was announced on September 2, 2025, represents a pivotal shift in the company's business model and capital structure. The registration will enable MPU to offer various securities, including Class A ordinary shares, preferred shares, debt securities, warrants, and units, subject to market conditions and SEC approval [1].

The primary objective of this $2 billion shelf registration is to fund major acquisitions of stablecoin governance tokens, signaling MPU's ambitious crypto treasury strategy despite regulatory uncertainties. Mega Matrix Inc. aims to become the largest stablecoin governance token company, with Ethena's governance token $ENA identified as a primary target. This move will allow MPU to systematically accumulate leading stablecoin governance tokens, gaining both financial upside and influence in the stablecoin ecosystem [1].

The shelf registration structure provides MPU with exceptional financial flexibility to raise capital through various securities offerings over time. This flexibility is particularly well-suited for MPU's "DAT" (Digital Asset Treasury) strategy, allowing them to opportunistically accumulate governance tokens without needing separate registrations for each capital raise. This strategic pivot from the company's existing video streaming business (FlexTV) to a publicly-traded stablecoin governance token holding company is notable for its scale and ambition [1].

Governance tokens represent ownership and voting rights in stablecoin protocols, functioning similarly to equity in traditional companies. By targeting these tokens, MPU seeks both appreciating assets and influential positions within these emerging financial systems. However, this strategy carries substantial regulatory uncertainty. The filing acknowledges "regulatory volatility on stablecoins and governance tokens" as a risk factor, given ongoing debates about token classification and potential securities laws applications to crypto assets [1].

Tether Holdings SA, the issuer of the stablecoin USDT, has also recently announced plans to deepen its gold investment strategy. On September 2, 2025, Tether Holdings SA plans to buy approximately $100 million in additional shares of Canadian gold royalty company Elemental Altus Royalties. This move aims to strengthen Tether's gold reserves and diversify its investment portfolio [2].

In conclusion, Mega Matrix Inc.'s $2 billion shelf registration filing and Tether Holdings SA's gold investment strategy are both significant developments in the crypto and stablecoin markets. These moves signal the evolving strategies of major players in the industry, highlighting both the opportunities and challenges they face.

References:
[1] https://www.stocktitan.net/news/MPU/mega-matrix-inc-announces-filing-of-a-2-billion-universal-shelf-rsr0tg5lthnz.html
[2] Tether Holdings SA Press Release, September 2, 2025