Key Highlights
- Winklevoss twins moved $130M in Bitcoin to Gemini hot wallets, sparking market and investor speculation.
- Bitcoin trades near $70,680 as Winklevoss Capital manages 8,700 BTC and $145M in Ethereum holdings.
- The twins view dips as opportunities, urging investors to buy before Bitcoin prices pass $90,000 again.
The founders of crypto exchange Gemini Cameron and Tyler Winklevoss moved $130 million worth of Bitcoin last week, according to Arkham Intelligence. The billionaire brothers transferred 1,773 BTC into Gemini’s hot wallets, sparking speculation about potential sales.
Arkham data shows these transfers originated through Winklevoss Capital, the twins’ family office that invests in startups and digital assets, including Zcash treasury Cypherpunk Technologies.
While hot wallets typically support active trading, liquidity, and customer transactions, the transfers alone do not confirm a sale. Apart from hinting at possible market activity, the transfer shows that the Winklevosses are carefully managing their Bitcoin holdings.
Moving coins to a hot wallet could mean a number of things, such as internal movement of funds, collateralization, or preparation for private trades. So, it doesn’t mean that they are selling any Bitcoin just yet.
At the time of writing, Bitcoin was trading around $70,680, bouncing back from last week’s $65,000 low. The cryptocurrency still sits about 45% below its all-time high of $126,198 from October 2025, according to data from CoinMarketCap. Winklevoss Capital holds more than 8,700 BTC, worth $621 million, plus $145 million in Ethereum, as per Arkham data.
Market implications and investor sentiment
The Winklevoss twins have often seen Bitcoin dips as chances to buy rather than warning signs. Last September, Tyler Winklevoss said Bitcoin could “easily” reach 10 times its $116,000 value at the time.
In November, Cameron Winklevoss called the multi-month slump a “final opportunity” for investors, encouraging people to buy before prices pass $90,000. He framed the dip as a smart entry point, reflecting the twins’ long-term confidence in Bitcoin.
Gemini has had a rough patch too. In February, the exchange lost three key executives, left European and Australian markets, and cut 25% of its staff. Still, its stock bounced back from $5.82 to about $8.71 after the company refocused on prediction markets and improving efficiency with AI.
The twins’ early Bitcoin purchases—around 120,000 coins in 2013 when prices were near $10—also show their long-term commitment to the cryptocurrency.
Also Read: Bitcoin Enters Value Zone as 2-Year MA Multiplier Drops Below Key Level
