Tether Global Investments Fund, S.I.C.A.F., S.A., Tether International, S.A. de C.V., and Giancarlo Devasini filed Amendment No. 10 to their Schedule 13D with the SEC on November 4, 2026, disclosing a combined beneficial ownership position in Metalla Royalty & Streaming Ltd. (NYSE:MTA).

Key Highlights

  • Aggregate beneficial ownership: The three reporting persons collectively hold 13,663,050 common shares of Metalla Royalty & Streaming Ltd.
  • Ownership percentage: Those shares represent 14.6% of the outstanding common shares, based on 93,495,874 shares outstanding as of August 12, 2026.
  • Shared power only: All voting and dispositive power over the 13,663,050 shares is shared among the reporting persons; each holds zero sole voting or dispositive power.
  • Indirect control chain: The shares are held directly by Tether International, S.A. de C.V., a controlled subsidiary of Tether Global Investments Fund, S.I.C.A.F., S.A.; Giancarlo Devasini indirectly holds voting and dispositive power through that chain.
  • Devasini disclaimer: According to the filing, Mr. Devasini "disclaims beneficial ownership of these shares except to the extent of the reporting person's pecuniary interest."
  • Recent transactions: Schedule B to the filing sets forth open market purchases effected by the reporting persons since September 5, 2026.
  • Entity rename: The filing notes that Tether Global Investments Fund, S.I.C.A.F., S.A. was formerly known as Tether Holdings, S.A. de C.V.

Tether Group's Accumulated Position in a Precious Metals Royalty Company

Metalla Royalty & Streaming Ltd. is a Canadian corporation headquartered at 543 Granville Street, Suite 501, Vancouver, British Columbia, whose common shares trade on the NYSE. The company operates in the royalty and streaming segment of the precious metals sector, a business model in which the company typically receives a share of mine production or revenue in exchange for upfront financing provided to mine operators.

According to the filing, the Schedule 13D was originally filed on October 24, 2025, and this amendment is the tenth in a series, with prior amendments filed between December 2025 and July 2026. The reporting persons are all organized or domiciled in El Salvador, with the exception of Giancarlo Devasini, who is identified as a citizen of Italy. The filing states that the source of funds for Tether Global Investments Fund is coded "OO" (other), while Tether International lists "WC" (working capital). Each of the three reporting persons reports the same aggregate figure of 13,663,050 common shares, all held with shared rather than sole authority.

The 14.6% ownership percentage, as disclosed in the filing, is calculated from the 93,495,874 shares outstanding as of August 12, 2026, a figure sourced from the Management's Discussion and Analysis that Metalla Royalty & Streaming Ltd. filed as an exhibit to a Form 6-K on August 13, 2026. The filing identifies Schedule B, which lists open market purchases since September 5, 2026, as the source of the transactions that triggered this amendment.

What Was Disclosed

Three affiliated reporting persons, Tether Global Investments Fund, S.I.C.A.F., S.A., Tether International, S.A. de C.V., and Giancarlo Devasini, disclosed a combined 13,663,050 common shares, equal to 14.6% of Metalla Royalty & Streaming Ltd.'s outstanding stock, via Amendment No. 10 to their Schedule 13D filed November 4, 2026.