A crypto company is hoarding $8.7B in gold bars.
Not Bitcoin. Not digital assets. Physical gold.
Mining executives call Tether "the weirdest company ever."
Here's the shocking reason they're buying up gold mines:
Tether runs USDT, the world's biggest stablecoin.
$168 billion market cap.
$5.7 billion profits in just the first half of 2024.
They're one of the largest US Treasury holders on the planet.
But their gold strategy caught everyone off guard:
Those $8.7 billion in gold bars?
They're sitting in Zurich vaults right now.
Physical bullion backing their digital operations.
CEO Paolo Ardoino calls gold "natural bitcoin."
His next move shocked the mining industry:
June 2024: Tether invests $105 million in Elemental Altus.
That's a Toronto-listed gold royalty company.
Last Friday: Another $100 million as Elemental merged with EMX.
Total deployed: $205 million and counting.
But Tether isn't stopping at investments.
They're in talks to control the entire gold supply chain:
Mining. Refining. Trading. Royalties.
Traditional executives don't understand what's happening:
"They like gold. I don't think they have a strategy."
That's what one mining executive told reporters.
Another called them "the weirdest company I've ever dealt with."
They're missing the bigger picture:
Tether makes billions from Treasury interest.
Those Treasuries back their stablecoin.
The interest creates massive cash flow.
Now they're using those profits to buy hard assets.
Their commodity trade finance book has grown into billions.
They finance raw material shipments worldwide.
Their gold-backed token XAUt has an $880 million market cap.
Each piece connects to form something unprecedented:
Digital yields funding physical assets.
Treasury profits buying gold mines.
Stablecoin revenues creating commodity empires.
Juan Sartori from Tether confirmed this is intentional.
"We're increasing our gold exposure," Sartori said.
The strategy goes beyond simple diversification.
They're building bridges between digital and physical value.
While others debate crypto vs gold, Tether owns both:
This convergence matters for institutional investors.
Stablecoins aren't just digital dollars anymore.
They're gateways to sophisticated treasury strategies.
The smartest wealth advisors are paying attention:
At Brava.Finance, we help institutions access these opportunities.
Our managed fund provides regulated stablecoin yield exposure.
No protocol complexity. No regulatory uncertainty.
Position your portfolio at the frontier of digital treasury management.
Subscribe to Disruption Capital: lnkd.in/ddVzZJgg
Video/Image Credits:
- CoinDesk: youtube.com/watch?v=Iscphj…
- The Deep Dive: youtube.com/watch?v=0VjkwM…
- Tether: youtube.com/watch?v=Kt3L8m…
- commons.wikimedia.org/wiki/File:Gold…
Share this Scrolly Tale with your friends.
A Scrolly Tale is a new way to read Twitter threads with a more visually immersive experience.
Discover more beautiful Scrolly Tales like this.