Thizer acquires 14 tons of gold during Iran conflict
The company "Tether" added 14 tons of gold to its reserves over the past three months ending in June, bringing its total gold holdings to 146 tons valued at $18.8 billion. These purchases come as the company maintains the largest share of gold outside of banks and governments, despite a decline in gold prices during the second quarter due to rising bond yields resulting from the conflict in the Middle East. Tether relies on investing its assets, including gold, to generate income from issuing the "USDT" currency pegged to the dollar, which has a trading volume of approximately $185 billion. The company achieved operational profits of $1.5 billion in the second quarter, despite a decrease in profits compared to last year.
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