Tether is pushing deeper into gold. CEO Paolo Ardoino said the company now holds about 140 tons of gold, putting it among the largest private holders in the world, with the position valued at more than $23 billion as gold prices rise. The company is not stopping at accumulation; it is also preparing to trade bullion, moving into a market long dominated by major financial institutions such as JPMorgan and HSBC.
Weekly purchases are set to continue for months
Ardoino said Tether plans to buy 1 to 2 tons of gold per week and maintain that pace for several months. The reserves are being stored in a Cold War-era nuclear bunker in Switzerland, a detail the company presents as part of its asset protection strategy. Rising gold prices have lifted the value of those holdings and added weight to Tether’s long-term commitment to precious metals.
From holding gold to trading it
The company’s next step is active bullion trading. Ardoino said Tether wants to use its large reserves to capture market swings and arbitrage opportunities, placing it in more direct competition with established banking players in the gold trade. To support that move, Tether has hired two senior traders from HSBC with experience in precious metals, showing that this is being built as an operating business rather than a passive reserve strategy.
Broader exposure through listed gold companies
Tether is also adding equity exposure tied to the sector. The report says the company has bought stakes in Canadian-listed firms Elemental Altus Royalties and Gold Royalty Corp. That extends its precious-metals footprint beyond physical bullion and links part of its portfolio to the current rally in the space.
Gold is framed as a safer asset than national currencies
Ardoino connected the strategy to a wider global search for alternatives to the U.S. dollar as geopolitical tensions rise. He said gold remains a more reliable and safer asset than national currencies in periods of instability. Tether’s current direction is clear: build larger gold reserves, turn those holdings into a trading operation, and claim a bigger role in the global bullion market.