Tether Increases Metalla Royalty Stake to About 14%
Metalla’s valuation and exposure appeal to large investors as Tether bought 1.94 million Metalla shares since June 8, raising its stake to about 14% from roughly 12%. Tether said it is an investment but left open further buying, selling, and engagement with Metalla’s board and management. Metalla holds royalties and streams and added 14 tonnes of physical gold in the quarter.