Giancarlo Devasini

Latest moves

Nov 8, 2026 edition

Giancarlo DevasiniInvestmentFinanceMTAAI read · ▲ Doubling down on gold-adjacent bets

Tether's Devasini lifts stake in a gold royalty firm to 14.6%

The move

Tether Global Investments Fund and Tether International, entities tied to Tether co-founder Giancarlo Devasini, disclosed owning 13,663,050 shares of Metalla Royalty & Streaming, or about 14.6% of the company, in a Schedule 13D/A filed Nov. 4 with the SEC. Paolo Ardoino and Jean-Louis van der Velde are also named as reporting persons on the filing.

Why it matters

The stake extends Tether's push to tie stablecoin-linked cash to gold and gold royalties, a strategy the company has pursued since 2025 alongside a stake in Gold.com and holdings of physical gold bars.

The bear case

Metalla is a small royalty company; even a 14.6% stake is a minor line item next to Tether's broader gold and bitcoin holdings.

What to watch

Any further SEC filings on Tether-linked ownership of gold-royalty firms.

Source · SEC EDGAR (Schedule 13D/A)Read original ↗Report an error

Oct 31, 2026 edition

Paolo ArdoinoInvestmentFinanceGOLDAI read · ▲ Doubling down on gold

Tether's leaders add to their Gold.com stake

The move

Tether's Paolo Ardoino, Giancarlo Devasini and Jean-Louis van der Velde each bought 100,000 shares of Gold.com (NYSE: GOLD) between October 26 and October 28, paying about $3.9 million apiece, according to SEC filings. The purchases add to Tether's existing stake in the gold-trading platform, built through a $150 million investment the company announced in February 2026.

Why it matters

The purchases follow Tether's broader push to tie its stablecoin business to gold, which chief executive Paolo Ardoino has described as a long-term hedge rather than a trade.

The bear case

All three purchases were filed on the same day under the same SEC accession number, which suggests one coordinated move tied to Tether rather than three independent bets on the stock.

What to watch

Any further SEC filings on Tether-linked ownership of Gold.com.

Source · SEC EDGAR (Form 4)Read original ↗Report an error

Oct 16, 2026 edition

Giancarlo DevasiniInvestmentFinanceGOLDAI read · ▲ Buying

Tether's Devasini adds to his Gold.com stake

The move

Giancarlo Devasini, through Tether-controlled entities, bought 32,118 shares of Gold.com on Oct 7 and Oct 12, 2026, for about $39.87-$39.96 a share, roughly $1.28 million total, according to a Form 4 filing signed Oct 13. The filing also shows about 3.37 million Gold.com shares already held through a separate Tether subsidiary.

Why it matters

The purchase adds to Tether's existing position in the gold-focused company, part of a broader push by Devasini and his Bitfinex-linked partners into gold and crypto-adjacent assets.

The bear case

At roughly $1.3 million, the purchase is small next to Tether's multibillion-dollar balance sheet and may not signal a bigger strategic move.

What to watch

Whether Tether discloses a larger change in its Gold.com stake.

Source · SEC EDGAR (Gold.com Form 4)Read original ↗Report an error

Recent SEC filings

Form 4 insider trades post within 2 business days. 13F fund holdings can arrive 45 days after quarter end. New to filings? Read Filings 101.

Footprint

Prices via Finnhub · as of Nov 11, 2026 12:23 PM ET. For information only.

What to watch