A cryptocurrency firm has purchased 140 tons of gold and secured it in a former underground nuclear bunker located in Switzerland. The amount of gold held by the company exceeds the reserves of several sovereign nations.
The gold is stored in a highly secure facility, reflecting the company’s strategy to back its assets with tangible value. This move highlights a growing trend among crypto firms to diversify holdings beyond digital currencies.
**Why this matters**
This acquisition signals increased interest in physical assets within the cryptocurrency sector, potentially enhancing investor confidence. Storing gold in a secure, undisclosed location also underscores concerns about asset protection in volatile markets.