Tether lifts Metalla Royalty & Streaming stake to 14%

AI desk brief

Tether deepened its gold strategy by lifting its Metalla Royalty & Streaming stake to about 14% after buying 149,116 shares for $1.36 million (C$1.9 million) at C$9.14/share. The move extends a broader capital rotation from the stablecoin giant into gold-linked assets, giving it indirect exposure to mine revenues and higher metal prices without mining execution risk.

The filing shows Tether has bought 1.94 million Metalla shares since June 8, when it held 11.27 million shares, and it now owns 13.2 million shares. Metalla’s portfolio is heavily levered to precious metals via nearly 100 royalties and streams, including a 1.5% royalty on part of Iamgold’s Côté gold mine and the adjacent Gosselin deposit in Ontario, as well as interests in G Mining Ventures’ Tocantinzinho gold mine in Brazil.

The article is notable because it ties Tether’s royalty accumulation to a larger hard-asset allocation theme: Tether reported $1.5 billion in Q2 operating profit and added 14 tonnes of physical gold in the quarter, taking holdings above 146 tonnes. It also disclosed 22 tonnes of gold backing Tether Gold tokens at end-June, with customer holdings up 9.5% even as gold fell 14%, suggesting continued demand for tokenized and physical gold exposure despite price weakness.