Winklevoss Twins May Have Sold $130 Million in Bitcoin Holdings

Cameron and Tyler Winklevoss may have sold a significant portion of their Bitcoin holdings last week after moving funds into Gemini, according to new data from Arkham Intelligence. The activity drew attention due to both the size of the transfer and its timing, which came as Bitcoin traded between $67,000 and $68,000.

The transactions were executed on March 4 through Winklevoss Capital, the family office that manages the twins’ investments across digital assets, startups, and other sectors. The firm has long maintained a sizable Bitcoin position, making any large movement from its wallets a point of interest for market analysts.

Transfers Highlight Activity From Early Bitcoin Investors

Arkham’s data indicates that 1,773 Bitcoin, valued at roughly $130 million at the time, were sent to Gemini hot wallets before the funds appeared to move off‑chain. While the exact purpose of the transfers remains unconfirmed, the pattern aligns with previous instances in which large holders prepared assets for potential liquidation. Bitcoin’s price strengthened shortly after the activity, climbing above $70,000 on Monday and briefly touching $71,000 early Tuesday before settling near $70,652.

Winklevoss Capital still holds more than 8,700 Bitcoin, worth about $621 million at current market prices. The firm also maintains a substantial Ethereum position valued at approximately $145 million. These holdings reflect the long‑standing crypto exposure the twins have maintained since becoming early adopters of the asset class.

The brothers first entered the public spotlight through their legal dispute with Mark Zuckerberg over the founding of Facebook, a case that ended with a $65 million settlement in 2008. They later shifted their focus toward digital assets, becoming some of the earliest high‑profile investors to publicly back Bitcoin. In 2013, they reportedly purchased around 120,000 coins when prices hovered near $10, giving them one of the largest individual stakes in the asset at the time.

Their early conviction helped shape their reputation as long‑term Bitcoin holders, and their market moves continue to draw attention more than a decade later. While the transfers may or may not represent routine portfolio management, the scale of the activity ensures it remains closely watched by analysts tracking large‑holder behavior. For now, the twins’ wallets still reflect one of the more prominent private Bitcoin positions, even as the market continues to test new price levels.