Cameron and Tyler Winklevoss, the billionaire co-founders of crypto exchange Gemini, may have sold 1,773 Bitcoin worth approximately $130 million following transfers to Gemini hot wallets last week, according to Arkham Intelligence.
The transfers took place on March 4 through Winklevoss Capital, the family office founded by the Winklevoss twins that backs early-stage startups and invests across several asset classes, including Zcash treasury Cypherpunk Technologies.
At the time of the activity, Bitcoin traded in the $67,000 to $68,000 range. The leading crypto asset rebounded this week, rising past $70,000 on Monday and briefly topping $71,000 early Tuesday, CoinGecko data shows.
Winklevoss Capital’s wallet currently holds over 8,700 BTC, valued at $621 million at current market prices, alongside a $145 million Ethereum stash.
The Winklevoss brothers first gained public attention through their legal dispute with Mark Zuckerberg over the founding of Facebook, ultimately receiving a $65 million settlement in 2008.
They later became among the earliest high-profile investors in Bitcoin, reportedly purchasing approximately 120,000 coins in 2013 when prices hovered around $10 per unit. At that time, their stake represented roughly 1% of all Bitcoin in circulation.
Source: https://cryptobriefing.com/winklevoss-twins-bitcoin-130-million-sale-gemini/
