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- Tether now holds about 140 tons of gold, placing it among the largest private bullion owners.
- The company added over 70 tons in a year, surpassing major ETF gold acquisitions.
- XAUT gained after the disclosure as Tether strengthens reserves and expands bullion activity.
Tether Holdings has expanded its gold strategy with rapid accumulation that now totals about 140 tons. CEO Paolo Ardoino confirmed the figure in an interview and said the company aims to maintain its reserve buildup. The move places the firm among the largest private bullion holders worldwide.
The company purchased more than 70 tons of gold over the past year. Bloomberg reported that the amount exceeded the combined additions of the three largest exchange-traded funds. The purchases support Tether’s reserves and its gold-backed stablecoin, XAUT.
At current prices, Tether’s total bullion is valued near $23 billion. The holdings rank among the largest known private gold treasuries outside central banks, ETFs, and major financial institutions. The company has been adding over a ton of metal weekly.
Tether Plans Steady Gold Accumulation
Ardoino said the pace of accumulation could continue for several months. He noted that Tether will review its demand each quarter. Adjustments may follow depending on market conditions, but the company expects to stay active in bullion markets.
Tether stores its gold in a high-security underground facility. Ardoino said the site is a former nuclear bunker in Switzerland with multiple steel-reinforced layers. The stablecoin issuer uses the location to secure its expanding reserves.
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The company is also preparing to trade physical gold. Bloomberg reported that Tether aims to compete with banks that dominate bullion markets, including JPMorgan and HSBC. Ardoino said the goal is consistent access to the metal for long-term operations.
XAUT Gains Momentum as Bullion Strengthens
Tether’s focus on gold aligns with rising global demand for alternative reserve assets. The expansion strengthens the backing of XAUT, which tracks physical gold. The stablecoin has gained wider interest as bullion prices remain elevated.
After the latest revelations, XAUT has seen its value increase by more than 4% in the past 24 hours. The token’s value has also increased by 8.38% over the last week, according to data from CoinMarketCap. The value has also seen a 19.58% increase in the past month, coupled with the overall increase in the price of gold.
Tether now has more reserves than some countries. Bloomberg has pointed out that the company is ahead of some countries, such as Greece and Australia. The increase in the reserves is a clear indication of the power of the company in the cryptocurrency and gold markets.
According to Ardoino, the company will be assessing its position. The company will be making its decisions based on the conditions in the market and the reserves. The company is expected to update the public on the latest as the bullion strategy unfolds.
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