Early Bitcoin Supporter Eric Voorhees Buys Millions in Tokenized Gold, as Tether’s $23B Holdings Overtakes Governments

Key Takeaways

• Eric Voorhees has bought $6.81 cardinal successful tokenized gold.

• Tether’s golden reserves are present estimated astatine $23 billion.

• Crypto and accepted harmless havens are converging.

Early Bitcoin advocator and ShapeShift laminitis Eric Voorhees has purchased millions of dollars’ worthy of tokenized gold, blockchain information shows, arsenic stablecoin issuer Tether deepens its propulsion into the metal, amassing reserves that analysts accidental present transcend those of respective governments.

The moves travel arsenic golden prices hover adjacent grounds highs supra $5,100 an ounce and Bitcoin continues to commercialized good beneath its caller peaks, underscoring a increasing intersection betwixt integer assets and accepted harmless havens.

On-chain analytics level Lookonchain said Voorhees created 9 caller wallets and spent $6.81 cardinal successful USDC stablecoins to bargain 1,382 PAX Gold (PAXG) tokens astatine an mean terms of $4,926.

PAXG is simply a token issued by Paxos that is backed by carnal gold, allowing investors to summation vulnerability to bullion via blockchain-based assets.

The acquisition by 1 of Bitcoin’s earliest and astir vocal proponents has drawn attraction astatine a clip erstwhile the cryptocurrency has faced renewed terms pressure.

Gold has rallied astir 50% successful the past six months, with analysts attributing the surge to beardown cardinal slope request and rising macroeconomic pressures.

In effect to the move, 1 X idiosyncratic wrote: “That’s a batch of gold. He indispensable beryllium feeling beauteous bullish connected it.”

Voorhees’ determination whitethorn awesome a tactical displacement among immoderate crypto investors seeking lower-volatility assets, though it whitethorn besides conscionable amusement however accessibility of tokenized real-world assets are growing.

Separately, a study by brokerage Jefferies estimated that crypto steadfast Tether present holds astir 148 tonnes of carnal golden worthy astir $23 billion.

The steadfast purchased astir 26 tonnes successful the 4th fourth of 2025 and added a further 6 tonnes successful January, placing the steadfast among the world’s apical 30 golden holders.

Jefferies said Tether’s quarterly purchases exceeded those of astir idiosyncratic cardinal banks implicit the aforesaid period, trailing lone Poland and Brazil.

At existent levels, its golden holdings surpass Australia, the United Arab Emirates, Qatar, South Korea and Greece.

As Tether is privately owned, Jefferies said the disclosed figures apt correspond lone a minimum estimation of its full golden vulnerability and that the institution whitethorn clasp further purchases connected its equilibrium sheet.

The parallel emergence successful crypto figures pursuing tokenized golden purchases and Tether’s bullion accumulation highlights however parts of the crypto assemblage are progressively embracing accepted hard assets.