stablecoin issuer Tether expanded its precious metals portfolio in the second quarter by buying 14 tonnes of gold, bringing its total gold holdings to a record 146 tonnes. The company's gold reserves are worth about $18.8 billion at current market cap, further reinforcing Tether's strategy of holding large reserve assets outside of its digital assets business. This increase reinforces Tether's position as one of the world's largest private holders of physical gold.
Largest private gold holder among NGOs
Tether is currently the largest known private gold holder outside central banks and governments. Gold has long been regarded as a traditional store of value, and continued holdings indicate that Tether is maintaining a diversified reserve strategy. Its growing gold reserves complement its broader portfolio of reserve assets used to support financial operations. This milestone also places Tether among the few institutions with extremely large physical gold.
What it means for Tether
The expansion of Tether's gold reserves reflects the company's continued efforts to strengthen its balance sheet by diversifying reserve assets. As global demand for digital assets and traditional safe-haven assets continues to evolve, Tether's growing gold reserves may further boost market confidence in its long-term financial health. Market participants will continue to focus on how the company balances its risk exposure among cash, government securities, gold and other reserve assets.

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