Winklevoss twins move $130 million in bitcoin to Gemini as estimated profit tops $1.8 billion: Arkham
The Winklevoss twins transferred $130 million in Bitcoin to Gemini wallets, potentially signaling sales, with their estimated total profit reaching $1.8 billion.Summary
Cameron and Tyler Winklevoss recently moved $130 million worth of Bitcoin into hot wallets associated with their Gemini exchange, a move flagged by Arkham as potentially signaling sell-side positioning. Following these transfers, the twins still hold $764 million in Bitcoin, and their estimated total profit from their initial 2013 purchase is approximately $1.8 billion. The brothers originally bought their Bitcoin using proceeds from their legal settlement with Mark Zuckerberg. Historically, they have also used some holdings for political donations and to launch Gemini, which recently priced its IPO shares above the anticipated range. This activity occurs amid broader institutional and sovereign wallet movements, including transfers by Bhutan and the sale of seized Bitcoin by South Korean prosecutors, as Bitcoin reclaimed the $70,000 level.
(Source：The Block)