Tether is buying up to $1 billion of gold per month and storing it in a 'James Bond' bunker
Yahoo Finance·2026-01-28 21:06

Tether, the company behind the world’s largest stablecoin, has been buying physical gold at a pace of up to two tons a week as it builds one of the world’s largest bullion stockpiles. The company’s CEO, Paolo Ardoino, told Bloomberg that Tether intends to continue purchasing gold at that rate for at least the next few months. At current prices, that equates to more than $1 billion in buys every month. The purchases are delivered to a high-security former nuclear bunker in Switzerland, which Ardoino desc ...

Tether is buying up to $1 billion of gold per month and storing it in a 'James Bond' bunker - Reportify