Tether CEO: Plans to allocate 10%-15% of the investment portfolio to gold, purchasing about 2 tons of gold each week

According to Reuters, Tether CEO Paolo Ardoino stated that Tether plans to allocate 10% to 15% of its investment portfolio to physical gold. Following an increase of 27 tons of physical gold in the fourth quarter, the company currently holds approximately 130 tons of physical gold.

Paolo Ardoino mentioned that Tether purchases about 2 tons of gold each week but did not disclose the specific value of Tether's portfolio or the amount of gold within it. He stated that Tether has not set a gold purchase target and plans to decide on the purchase amount quarterly.