The Winklevoss twins have transferred $130 million in bitcoin to Gemini hot wallets since last week, a move Arkham said was “presumably to sell.”
The twins’ estimated bitcoin profit totals about $1.8 billion, according to Arkham, and the brothers once owned roughly 1% of bitcoin’s circulating supply.
Cameron and Tyler Winklevoss transferred $130 million in bitcoin to hot wallets associated with their Gemini crypto exchange over the past week, a move that may signal potential sell-side positioning as their estimated bitcoin profit totals about $1.8 billion, blockchain analytics platform Arkham flagged on Tuesday.
The $130 million move to Gemini's hot wallets was "presumably to sell," Arkham said. The twins continue to hold $764 million in bitcoin following the transfers. Notably, the duo once owned 1% of bitcoin's circulating supply, per Arkham.
The Winklevoss brothers originally acquired their bitcoin in April 2013, purchasing $11 million worth of the cryptocurrency at $120 per BTC using proceeds from a $65 million settlement in cash and Facebook stock awarded after their legal dispute with Mark Zuckerberg, according to a CNBC report. Their initial investment grew significantly over the following years, surpassing $1 billion in value by December 2017, when bitcoin traded toward $20,000 per coin.
The New York Times reported in 2017 that the duo had sold a portion of their holdings to launch Gemini, the cryptocurrency exchange that raised $425 million in its initial public offering in September 2025, pricing Class A shares at $28 each, above the anticipated range of $24 to $26. Gemini has recently announced it will exit the UK, EU, and Australian markets and reduce its workforce by roughly 25%, citing a shift to a leaner, more automated operating model.
Beyond their commercial ventures, the Winklevoss twins have also directed parts of their bitcoin holdings toward political contributions. In August 2025, Tyler and Cameron donated 188 BTC, valued at approximately $21 million at the time, to the Digital Freedom Fund PAC, a pro-Trump political action committee intended to support the midterm elections.GML2
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