狂囤黄金140吨，躺赚350亿

Core Viewpoint - Tether has emerged as a significant player in the gold market, holding approximately 140 tons of gold valued at around $24 billion, making it one of the largest gold holders globally, second only to central banks, ETFs, and large commercial banks [2][4]. Group 1: Gold Accumulation Strategy - Tether is aggressively accumulating gold at a rate of about 1 to 2 tons per week and plans to continue this purchasing pace for at least the next few months [7][15]. - In the last quarter, Tether purchased an additional 27 tons of gold for its gold-backed stablecoin, which has appreciated by at least $700 million this year [5][4]. - The company acquired over 70 tons of gold last year, surpassing nearly all single central bank purchases, with only Poland's 102 tons being higher [8]. Group 2: Market Impact and Demand - Tether's role as a significant new buyer is expected to sustain gold demand, contributing to a 65% increase in gold prices last year [9]. - The price of gold has surged from $3,858 per ounce in September last year to over $5,200, leading to a value increase of Tether's gold holdings by over $5 billion [4][6]. Group 3: Competitive Positioning - Tether aims to compete directly with traditional financial institutions like JPMorgan and HSBC in the gold trading business [3][15]. - The company has hired two senior gold traders from HSBC to enhance its market activities [16]. Group 4: Gold as a Reserve Asset - Tether views gold as a safer asset than any national currency, emphasizing its liquidity and status as a non-debt asset [21][22]. - The company has also invested in gold royalty companies, acquiring shares in several mid-sized Canadian listed firms [24]. Group 5: Future Prospects - Tether's gold-backed token, Tether Gold (XAUT), is projected to reach a market circulation of $5 billion to $10 billion by the end of the year [27]. - The company is exploring ways to improve the efficiency of its gold purchasing process, as acquiring approximately $1 billion worth of physical gold monthly presents logistical challenges [18][20].