Tether Adds 14 Tons of Gold Amid Iran War Market Volatility

Tether has continued its gold buying streak by purchasing another significant amount of bullion during the Iran war. The company bought 14 tons of gold for its reserves in the three months to June, which brought its total gold holdings to 146 tons worth $18.8 billion at the end of June.

This marks an extension of Tether's buying streak that has made it the largest known holder of bullion in the world outside of banks and nation states. The company's gold reserves have been rising steadily, with no signs of slowing down despite market fluctuations.