Tether Holdings Boosts Stake in Metalla Royalty & Streaming Ltd: 13F Filing Update
Tether Holdings Boosts Stake in Metalla Royalty & Streaming Ltd: 13F Filing Update
Tether Holdings, S.A. de C.V. has made a significant move in its latest 13F filing, increasing its position in Metalla Royalty & Streaming Ltd (MTA). The filing reveals a substantial purchase of 7.20 million shares, marking a 7.78% increase in its stake. This brings the total market value of Tether Holdings' position in Metalla Royalty & Streaming Ltd to an impressive $59.81 million, representing 1.48% of its portfolio.
A Closer Look at the Trade
The increased stake in Metalla Royalty & Streaming Ltd underscores Tether Holdings' confidence in the Non-Ferrous Metals industry. The company now holds 7.78% of Metalla Royalty & Streaming Ltd's total outstanding shares, a noteworthy concentration that highlights the strategic importance of this investment. With a focus on royalty and streaming agreements in the metals sector, Metalla aligns with Tether Holdings' portfolio diversification strategy.
Why is Tether Holdings Adjusting Its Position in Metalla Royalty & Streaming Ltd?
Tether Holdings' decision to boost its position in Metalla Royalty & Streaming Ltd could be driven by several factors:
- Industry Potential: The Non-Ferrous Metals sector continues to show resilience and growth opportunities, particularly in the context of global demand for metals.
- Portfolio Strategy: By increasing its stake, Tether Holdings may be aiming to capitalize on Metalla's growth trajectory and its unique business model in royalty and streaming agreements.
How Much of Metalla Royalty & Streaming Ltd Does Tether Holdings Own?
Following this recent purchase, Tether Holdings now owns 7.78% of Metalla Royalty & Streaming Ltd's total shares, cementing its position as a significant institutional shareholder.
Portfolio Impact
The addition of 7.20 million shares in Metalla Royalty & Streaming Ltd brings the holding to 1.48% of Tether Holdings' overall portfolio. This move reflects a strategic allocation within the metals industry, potentially balancing risk and opportunity in a volatile market.
For a comprehensive view of Tether Holdings’ investment strategy and portfolio, view Tether Holdings’ full real-time portfolio and historical 13F data here.