- Tether bought 14 tonnes of gold during Q2.
- Total gold holdings reached a record 146 tonnes, worth $18.8 billion.
- Tether is now the largest known private gold holder outside central banks and governments.
Stablecoin issuer Tether expanded its precious metals portfolio during the second quarter, purchasing 14 tonnes of gold and raising its total gold holdings to a record 146 tonnes.
Based on current market values, the company’s gold reserves are worth approximately $18.8 billion, reinforcing Tether’s strategy of holding substantial reserve assets alongside its digital asset operations.
The latest acquisition further strengthens Tether’s position as one of the world’s largest private holders of physical gold.
Largest Private Gold Holder Outside Governments
According to data highlighted by The Kobeissi Letter, Tether is now the largest known private gold holder outside central banks and governments.
Gold has long been viewed as a traditional store of value, and the continued accumulation suggests Tether is maintaining a diversified reserve strategy. The company’s growing bullion reserves complement its broader portfolio of reserve assets used to support its financial operations.
The milestone also places Tether among a select group of organizations with exceptionally large physical gold holdings.
What It Means for Tether
The expansion of Tether gold holdings reflects the company’s ongoing focus on strengthening its balance sheet through diversified reserve assets.
As global demand for both digital assets and traditional safe-haven investments continues to evolve, Tether’s growing gold reserves may further reinforce confidence in its long-term financial position. Market participants will continue monitoring how the company balances its exposure across cash, government securities, gold, and other reserve assets.
