Tether Will Keep Adding to $24 Billion Gold Stash Held in Former Nuclear Bunker, Says CEO

In brief

• Tether is purchasing around 1-2 tons of gold per week to add to its massive holdings, its CEO said.
• It now holds around 140 tons, or $24 billion worth of the precious metal, much of which is held for reserves and its gold-backed token.
• The firm’s holdings are maintained in a secure former nuclear bunker in Switzerland.