Winklevoss Twins Move $67 Million in Bitcoin and Ether to Gemini
The Winklevoss twins deposited $67 million in Bitcoin and Ether to the Gemini cryptocurrency exchange on Tuesday, according to onchain analytics firm Arkham. The transfer comprises $60 million in BTC and $7 million in ETH, moving funds into hot wallets at an exchange platform that industry trackers typically associate with preparing assets for sale.
Crypto investors generally hold major holdings in cold storage until they intend to liquidate, making custody-to-exchange inflows a watched leading indicator. Despite the latest deposit, onchain data shows the brothers retain more than $300 million in Bitcoin. Gemini, the exchange that co-founded and processes the movement, regularly handles custody operations for its founders and institutional clients.
From the sources (3 posts)
@arkhamTHE WINKLEVOSS TWINS ARE SELLING BITCOIN The Winklevoss Twins just moved $60M of BTC to Gemini, and $7M of ETH. This activity pattern matches usual selling patterns (custody > hot wallet). The Winklevosses still hold over $300M of BTC. Th
@kalshi_cryptoJUST IN: Winklevoss Twins just deposited $67M worth of Bitcoin and Ethereum to Gemini
@cryptodotnewsLATEST: Winklevoss Twins transfer $67 million in crypto to Gemini in a move consistent with prior selling activity