Winklevoss Twins Move To Sell $43 Million Of Bitcoin

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A total of 572 Bitcoin (CRYPTO: $BTC) worth $42.77 million U.S. has been moved from a Gemini (NASDAQ: $GEMI) hot wallet into custody wallets owned by Winklevoss Capital.

The move is an indication but not a guarantee that twin brothers Tyler and Cameron Winklevoss, the founders of the Gemini crypto exchange, are planning to sell the Bitcoin. 

The transfers could also reflect new purchases, internal rebalancing between Gemini’s exchange and custody infrastructure, or a partial reversal of previous deposits.
 
The latest transfers occurred in two batches. One of 372 BTC and a second of 200 BTC about 11 hours later. 

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Winklevoss Capital now holds 9,328 Bitcoin worth $689 million U.S. Gemini’s BTC holdings are now at their lowest level in more than a decade.

Gemini, which went public last September right before the crypto winter descended, has faced mounting financial pressure.

The company has lost more than half its market value this year, cut 30% of its workforce, and exited overseas markets to focus more on the U.S.

Rumours have surfaced over the past week that Gemini might be a takeover target, though no deal has been publicly announced. 

GEMI stock is currently trading at $5.10 U.S. per share, having declined 50% so far in 2026.