Giancarlo Devasini Discloses Investment at Elemental Royalty Corporation with 31.9% Stake
Complete. Here is the key summaryGiancarlo Devasini disclosed a 31.9% stake in Elemental Royalty Corporation, totaling 20,354,627 shares, through entities he controls. The disclosure was made via a Schedule 13D filing on March 26, 2026, following an internal share transfer within the Tether group. The group may acquire additional shares or adjust their holdings based on market conditions. Devasini, a director at Tether Global Investments Fund, is known for his strategic investments in emerging technologies and digital assets.
Giancarlo Devasini disclosed a 31.9% stake in Elemental Royalty Corporation through entities he controls. He filed a Schedule 13D on Mar. 26, 2026, after an internal share transfer on Mar. 24, 2026, within the Tether group. The position totals 20,354,627 common shares held across Tether International and Tether Investments.
Investor Intent
The filing shows an internal move on Mar. 24, 2026, when Tether Investments transferred 9,407,667 shares to Tether International with no change to the group’s total holdings. The group says it could "acquire additional Common Shares" or "retain and/or sell" shares over time, including through Rule 10b5-1 plans.
They cite flexibility for liquidity and portfolio diversification and may adjust plans based on Elemental Royalty Corporation’s performance and market conditions.
Investor's Background
Giancarlo Devasini serves as a director of Tether Global Investments Fund, S.I.C.A.F., S.A., and holds a controlling voting interest in the fund. Through Tether Investments and Tether International, he backs strategic investments in emerging technologies, peer-to-peer platforms, sustainable Bitcoin mining, and digital education. He is best known for leadership roles tied to the Tether group and for directing capital toward digital asset infrastructure and related ventures.
Original SEC Filing: Elemental Royalty Corp [ ELE ] - SCHEDULE 13D - Mar. 26, 2026