Tether adds 14 tonnes of gold in the 2nd quarter with acceleration in purchases
Tether acquired 14 tonnes of
$XAU for its reserves during the three months ended in June, bringing the total amount it holds to 146 tonnes, valued at US$18.8 billion, according to the company’s quarterly attestation released on Thursday.
The purchase marks an acceleration in the crypto firm’s acquisition activity, after buying 6 tonnes in the first quarter. Tether had bought more than 21 tonnes in the last three months of 2025.
The company is now the best-known holder of gold outside of banks and national states.
Tether issues the $USDT , the world’s largest dollar-pegged stablecoin, with approximately US$185 billion in circulation. The company generates revenue by accepting dollars in exchange for USDT and investing those funds in Treasury bills and other assets, including gold.
Gold prices fell during the quarter as the conflict in the Middle East pushed up bond yields, creating unfavorable conditions for a metal that does not generate returns.
The company added nearly US$500 million in new USDT tokens during the 2nd quarter.
Tether recorded net operating profit of about US$1.5 billion in the second quarter. In the same period the previous year, the company reported net profit of US$4.9 billion.
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