Tether Accumulates 140 Tons of Physical Gold in Swiss Vault
Tether Accumulates 140 Tons of Physical Gold in Swiss Vault
๐๏ธ Tether's Swiss vault

Tether is significantly expanding its gold holdings, purchasing 12 tons weekly according to CEO Paolo Ardoino. The company now stores approximately 140 tons of physical gold in a Swiss bunker, valued at $23.3 billion.
Key developments:
- Weekly purchases of 12 tons of gold
- Total holdings of ~140 tons stored in Switzerland
- Current valuation: $23.3B
- Hired former HSBC gold traders
- Represents one of the largest non-government gold reserves globally
The stablecoin issuer is quietly building substantial precious metal reserves while bringing in experienced traders from traditional finance. This strategic move diversifies Tether's treasury beyond its typical dollar-backed reserves.
Tether is leaning further into gold ๐ช๐ CEO Paolo Ardoino says Tether is buying 1โ2 tons weekly, with ~140 tons stored in a Swiss bunker ๐๏ธ Now valued at $23.3B, with ex-HSBC gold traders hired as bullion plans quietly expand ๐ฐ๐
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