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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

Recent SEC filings

SEC filings · last 90 days

13D/13G · big stake ↗

Tether Global Investments Fund, S.I.C.A.F., S.A. · filed Nov 4, 2026

Form 4 · insider trade ↗

Bought 100K GOLD · ~$3.9M

Tether Global Investments Fund, S.I.C.A.F., S.A. · filed Oct 28, 2026

Form 4 · insider trade ↗

Bought 67.9K GOLD · ~$2.7M

Tether Global Investments Fund, S.I.C.A.F., S.A. · filed Oct 15, 2026

Form 4 · insider trade ↗

Bought 32.1K GOLD · ~$1.3M

Tether Global Investments Fund, S.I.C.A.F., S.A. · filed Oct 13, 2026

Form 4 · insider trade ↗

Bought 100K GOLD · ~$3.9M

Tether Global Investments Fund, S.I.C.A.F., S.A. · filed Sep 8, 2026

13D/13G · big stake ↗

Tether Global Investments Fund, S.I.C.A.F., S.A. · filed Sep 8, 2026

Form 4 · insider trade ↗

Tether Investments, S.A. de C.V. · filed Sep 4, 2026

13D/13G · big stake ↗

Tether Global Investments Fund, S.I.C.A.F., S.A. · filed Sep 4, 2026

13D/13G · big stake ↗

Tether Global Investments Fund, S.I.C.A.F., S.A. · filed Aug 17, 2026

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

Companies

Bitfinex (iFinex Inc.; crypto exchange, Tether sister company)CEO

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Role: CEO (former Tether CEO)

Tethershareholder · ~20% · as of Sep 2026

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Role: shareholder (former CEO)
Stake: ~20%
Stake as of: 2026-09-24

Stakes

RUM Group Inc. (formerly Rumble Inc.) — Tether entities beneficially own 261,485,350 shares incl. pre-funded warrants = 50.3%RUM · 50.3% · as of Sep 2026 · ▲ 17.03%

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Ticker: RUM
Stake: 50.3% (Tether group)
Stake as of: 2026-09-02

Gold.com, Inc. — Tether Global Investments Fund group owns 3,670,787 shares = 12.6% (open-market buy of 100,000 sh at $39.30 on 2026-09-03)12.6% · as of Sep 2026

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Stake: 12.6% (Tether group)
Stake as of: 2026-09-03

Metalla Royalty & Streaming Ltd. — Tether entities own 10,266,571 shares = 11.0%11.0% · as of May 2026

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Stake: 11.0% (Tether group)
Stake as of: 2026-05-07

Twenty One Capital, Inc. (bitcoin treasury company; Tether contributed 24,500 BTC and Bitfinex 7,000 BTC at Dec 8, 2025 business combination; 43,514 BTC held at 2026-06-30; Tether took and cancelled SoftBank's 89.1M Class B shares on 2026-05-19)XXI · controlling holder via… · as of Jun 2026 · ▲ 1.88%

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Ticker: XXI
Stake: controlling holder via Tether/Bitfinex (exact % not stated in 10-Q)
Stake as of: 2026-06-30

Investment vehicles

Tether Global Investments Fund, S.I.C.A.F., S.A. (formerly Tether Holdings Ltd / Tether Holdings, S.A. de C.V.), San Salvadorfund · CIK 0002025889

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Type: fund
Notes: Files 13D/13G and Forms 3/4 as a stake holder; no 13F filings seen. Giancarlo Devasini is the individual reporting person on these filings (not Ardoino or van der Velde).

Tether Investments, S.A. de C.V. (El Salvador)holding co · CIK 0002049832

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Type: holding co
Notes: Holds Rumble/RUM shares and warrants; ran 2025 tender offer (SC TO-T filed 2025-03-28); Forms 3/4 only.

Private deals

Tether Investments exchanged Northern Data AG shares into RUM Group (Rumble) stock/pre-funded warrants under a…Sep 2026

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In full: Tether Investments exchanged Northern Data AG shares into RUM Group (Rumble) stock/pre-funded warrants under a Transaction Support Agreement (Top-Up Exchange of 16,744,307 warrant shares)
Date: 2026-09-02

Tether & Fasanara Capital launch $400M-anchored 'StableFund' evergreen private-credit vehicle targeting up to $3B…Sep 2026

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In full: Tether & Fasanara Capital launch $400M-anchored 'StableFund' evergreen private-credit vehicle targeting up to $3B third-party capital
Date: 2026-09-09

Twenty One Capital business combination closes with Tether/Bitfinex bitcoin contributionsDec 2025

Legal & regulatory

CFTC order (Oct 15, 2021): Tether fined $41M for misrepresenting USDT reserves (2016-2019); Bitfinex fined $1.5M

New York AG settlement (Feb 23, 2021): Bitfinex/Tether pay $18.5M, cease trading with NY residents, quarterly reserve…

More

In full: New York AG settlement (Feb 23, 2021): Bitfinex/Tether pay $18.5M, cease trading with NY residents, quarterly reserve disclosures

DOJ credited Tether's assistance in a $52M enforcement action against a global scam network (Sept 2026)

Prices via Finnhub · as of Nov 11, 2026 12:24 PM ET. For information only.

What to watch

Further Tether 13D/A amendments on RUM Group (50.3%) and Gold.com (12.6%) — Tether has been an active open-market buyer

Twenty One Capital (XXI) Q3 2026 10-Q and bitcoin holdings update~Nov 2026

Integration of Northern Data into RUM Group following the Sept 2026 share exchange

StableFund (Tether/Fasanara) capital raising toward $3B target