- Buy Crypto
- Markets
- Futures
- Spot
- Copy Trade
Earn- More
JPMorgan: Tether's Gold Holdings Have Appreciated by Over $5 Billion, Making It the Largest Non-Bank Holder of Gold
BlockBeats News, January 28th, according to the Financial Times, as the price of gold hits a record high, the world's largest stablecoin company Tether's gold holdings have appreciated by over $5 billion.
Based on Tether's disclosed data, Jefferies Group estimates that by the end of September, Tether held about 116 tons of gold, valued at around $14.4 billion at that time. At the end of September last year, the gold price was $3,858 per ounce, but driven by increasing geopolitical uncertainties and investors flocking to safe-haven assets, it has now soared to over $5,200, meaning Tether has realized over $5 billion in gains on this part of its holdings.
This week, Tether stated that in the fourth quarter of last year, it further purchased 27 tons of gold for its gold-backed stablecoin, and just this year, this additional holding has appreciated by at least $700 million.
Tether's current total gold holdings are valued at around $24 billion, making it one of the biggest beneficiaries in this round of the gold price surge. According to the World Gold Council data, Tether has become one of the entities with the highest gold holdings globally, with its gold reserves comparable to that of the Qatar Central Bank (the UK's gold reserves are at 310 tons). Jefferies analysts wrote in a report in November: "Tether is the largest non-central bank holder of gold, with its holdings comparable to smaller central banks such as South Korea, Hungary, and Greece."
BlockBeats Note: The figures given in the report are only very conservative estimates. Tether explicitly disclosed in Q3 2025 that it added 26 tons of gold to its holdings, holding 116 tons of gold at that time. This means that the company already held 90 tons of gold before Q3, and this part of the holdings did not clearly disclose the purchase time and cost. The "over $5 billion" in the Jefferies report is also calculated based only on Q3 holdings. Tether also added 27 tons of gold in Q4. Recently, CEO Paolo Ardoino stated that the company is currently purchasing 1 to 2 tons of gold per week and will maintain this pace in the "coming months."
You may also like
Why DePIN Is the Next Big Revolution in 2026-2028
Key Takeaways DePINs have emerged as a vital solution to the infrastructural demands of AI, moving from theoretical…
CLARITY Act Stalled: How Coinbase's Revolt Against U.S. Crypto Rules Could Freeze the Crypto Market (2026 Update)
Jan 2026: The CLARITY Act imploded when Coinbase opposed Senate's stablecoin yield ban. Explore the 3 'poison pills' that froze crypto regulation and moved markets.
Crypto Users Face Threat from Massive 149 Million Credential Infostealer Data Breach
Key Takeaways: A massive data breach involving 149 million records was discovered, posing rising risks for crypto users.…
Crypto Takeaways from Davos: When Politics and Finances Collide
Key Takeaways Trump’s Geopolitical Crypto Push: U.S. President Trump emphasized the urgency of crypto regulation as a geopolitical…
Ether treasury ETHZilla acquires aircraft engines amid a new tokenization strategy
Key Takeaways: ETHZilla has shifted focus by purchasing two aircraft engines for $12.2 million, aligning with its new…
A16z-Supported Crypto Venture Entropy Winds Down, Returns Investor Funds
Key Takeaways Entropy, a startup supported by Andreessen Horowitz and Coinbase Ventures, is closing due to scalability challenges…
Former Alameda CEO Released from Custody After 440 Days
Key Takeaways: Caroline Ellison, former CEO of Alameda Research, has been released after serving 440 days in federal…
Crypto’s Next Challenge: Privacy and the Chicken-Egg Dilemma
Key Takeaways Privacy is becoming a central issue as cryptocurrencies move into traditional banking and state-backed systems. Regulatory…
What Happened in Crypto Today: Key Updates and Insights
Key Takeaways A crucial crypto bill’s progress is delayed as the Senate pivots its focus to broader affordability…
Scaramucci Criticizes Stablecoin Yield Ban’s Impact on U.S. Dollar
Key Takeaways The CLARITY Act’s prohibition on stablecoin yields potentially weakens the U.S. dollar’s competitiveness against the digital…
CLARITY Act Stalls: Why Has the Interest-Bearing Stablecoin Become a Bank’s “Thorn in the Side”?
Key Takeaways The debate surrounding the CLARITY Act is primarily focused on interest-bearing stablecoins and their implications for…
Why Can Coinbase Halt a CLARITY Act Vote with Just One Sentence?
Key Takeaways Coinbase CEO Brian Armstrong’s opposition to the Clarity Act halted a critical Senate vote, showcasing the…
South Korea considers changing the one-bank rule for crypto exchanges: An In-depth Review
Key Takeaways: South Korea is examining the current “one exchange–one bank” model amidst concerns of market concentration, potentially…
Only KYC Can Stop Insider Trading on Prediction Markets, Messari Says
Key Takeaways KYC regulations are essential in curbing insider trading on prediction platforms but are not foolproof. Non-KYC…
Tether Freezes $182 Million in Assets in One Day, Is USDT Still a Neutral Coin?
Key Takeaways: Tether recently froze around $182 million USDT on the Tron blockchain, aligning with U.S. government sanctions.…
US Crypto Market Structure Bill Stalled as Industry Withdraws Support
Key Takeaways: The US crypto market structure bill has faced significant delays due to disagreements among lawmakers and…
Coinbase States Capital Access Surpasses Income in Wealth Creation
Key Takeaways Access to Capital: The primary divide in finance today is between those who can directly access…
WLFI Faces Backlash After ‘Team Wallets’ Push Through USD1 Growth Proposal
Key Takeaways World Liberty Financial (WLFI) is under scrutiny after nine dominant wallets exerted significant control over a…
Why DePIN Is the Next Big Revolution in 2026-2028
Key Takeaways DePINs have emerged as a vital solution to the infrastructural demands of AI, moving from theoretical…
CLARITY Act Stalled: How Coinbase's Revolt Against U.S. Crypto Rules Could Freeze the Crypto Market (2026 Update)
Jan 2026: The CLARITY Act imploded when Coinbase opposed Senate's stablecoin yield ban. Explore the 3 'poison pills' that froze crypto regulation and moved markets.
Crypto Users Face Threat from Massive 149 Million Credential Infostealer Data Breach
Key Takeaways: A massive data breach involving 149 million records was discovered, posing rising risks for crypto users.…
Crypto Takeaways from Davos: When Politics and Finances Collide
Key Takeaways Trump’s Geopolitical Crypto Push: U.S. President Trump emphasized the urgency of crypto regulation as a geopolitical…
Ether treasury ETHZilla acquires aircraft engines amid a new tokenization strategy
Key Takeaways: ETHZilla has shifted focus by purchasing two aircraft engines for $12.2 million, aligning with its new…
A16z-Supported Crypto Venture Entropy Winds Down, Returns Investor Funds
Key Takeaways Entropy, a startup supported by Andreessen Horowitz and Coinbase Ventures, is closing due to scalability challenges…
App