"Winklevoss twins move $130 million worth of Bitcoin to Gemini, raising possibility of a sale"
Minseung Kang
Summary
- The Winklevoss twins said they moved Bitcoin worth about $130 million to Gemini’s hot wallet.
- Blockchain data analytics platform Arkham Intelligence said the transfer could be preparation for a sale.
- The Winklevoss twins are still holding Bitcoin worth about $764 million, with cumulative gains estimated at around $1.8 billion.
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The Winklevoss twins have reportedly moved Bitcoin they held to an exchange wallet.
According to BlockBeats, a crypto-focused media outlet, blockchain data analytics platform Arkham Intelligence said on X (formerly Twitter) that the Winklevoss twins have transferred about $130 million worth of Bitcoin to Gemini’s exchange hot wallet since last week.
Arkham Intelligence said the transfer could be preparation for a sale.
The twins were previously known to have held Bitcoin equivalent to about 1% of the total circulating supply at one point. They are still holding Bitcoin worth about $764 million, and their cumulative investment gains in Bitcoin are estimated at around $1.8 billion.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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