Tether accelerates gold purchases: crypto-asset strategy backed by 140 tons

Tether is intensifying its strategy of investing in tangible assets, with CEO Paolo Ardoino confirming in an interview with Bloomberg that they plan to acquire between 1 and 2 tons of gold weekly over the coming months. This initiative is part of a broader strategy by the crypto-asset company to reinvest its significant earnings into physical gold reserves and strategic trading positions.

Ardoino contextualized this decision within the current geopolitical landscape, noting that as U.S. geopolitical rivals develop potential gold-backed alternatives to the dollar, Tether’s role in the gold markets is expected to expand considerably. The company sees gold as an opportunity for diversification and stability in an environment of international monetary uncertainty.

The Weekly Purchase Plan and Strategic Vision

Tether’s current acquisition pace positions the company uniquely within the crypto-asset sector. With consistent purchases of 1 to 2 tons per week, Tether plans to maintain this cadence in the coming months, setting it apart significantly from other players in the cryptocurrency space. This systematic approach reflects a long-term commitment to accumulating physical gold reserves.

Ardoino also revealed the company’s intention to adopt a more dynamic approach to gold trading, constantly evaluating arbitrage opportunities in precious metals markets. To strengthen this initiative, Tether has recently added two experienced traders to its team, both of whom previously worked at HSBC, the international banking giant known for its expertise in commodities markets.

Gold Reserves: a Swiss Refuge Worth $23.3 Billion

Tether’s gold holdings are of extraordinary size. The company currently holds approximately 140 tons of gold, stored in a secure facility built during the Cold War in Switzerland. This amount represents one of the largest known concentrations of gold worldwide, excluding central bank reserves, ETFs, and commercial banking institutions.

The market value of these holdings has grown substantially with recent gold price appreciation. According to current figures, Tether’s gold reserves are valued at over $23.3 billion, reflecting both the magnitude of its holdings and the strengthening of the precious metals market.

New Trading Strategies and Expansion into Physical Markets

Tether’s strategy has evolved beyond simple reserve accumulation. The company is actively assessing market conditions and developing more sophisticated approaches to trading operations, with particular emphasis on capturing arbitrage opportunities in gold markets.

Hiring HSBC trading specialists underscores Tether’s commitment to professionalism in the physical gold market. These traders bring extensive experience in global commodities markets, enabling Tether to execute more complex and profitable strategies. This decision positions Tether not only as a holder of physical assets but as an active participant in international precious metals markets, consolidating the role of crypto-asset companies in tangible economies.