Disclaimer: Information found on CryptoreNews is those of writers quoted. It does not represent the opinions of CryptoreNews on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoreNews covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.
Winklevoss brothers transferred a portion of their bitcoins to their cryptocurrency exchange., 2026/03/10 19:34:49
The Winklevoss twins, Tyler and Cameron Winklevoss, who established the cryptocurrency exchange Gemini, have transferred 1,750 bitcoins to the hot wallets of their trading platform, as reported by analysts from Arkham Intelligence.
The transfer, amounting to approximately $130 million, was executed in two phases. Initially, a small test transaction of 0.00191 BTC was conducted. Shortly thereafter, the remaining 1,750 BTC were transferred. Typically, the movement of digital assets to the hot wallets of cryptocurrency exchanges precedes a sale.
Related Posts
Over the past month, addresses associated with the Winklevosses have moved more than 2,500 BTC to Gemini. The twins continue to be regarded as significant holders of cryptocurrency. They retain 8,757 BTC, valued at around $619 million. Additionally, the crypto entrepreneurs possess a substantial amount of Ethereum—70,588 coins worth $145 million.
The Winklevoss twins gained recognition for their early investments in Bitcoin. In 2013, they invested approximately $11 million in the first cryptocurrency when it was trading at about $120 per coin. The purchase of bitcoins was partially funded by a settlement of $65 million with Facebook founder Mark Zuckerberg, who they accused of using their idea to create the social network. Later, the Winklevosses sold a portion of their bitcoins to launch the Gemini cryptocurrency exchange.
Part of their cryptocurrency was utilized for political purposes. In 2024, they donated $2 million to Donald Trump to support his election campaign. In the same year, the Winklevosses each contributed $500,000 to attorney John Deaton, who advocates for the rights of cryptocurrency companies.
