The Winklevoss twins, Cameron and Tyler Winklevoss, known for founding the Gemini exchange, just made a major move in the crypto market. They snapped up over $42 million worth of Bitcoin (BTC) today, according to reports.
Winklevoss Twins Buy More Bitcoin
Per Arkham Intelligence data, the Winklevoss twins withdrew 572 BTC worth $42.77 million from Gemini today. The withdrawal was executed via two separate transactions. The first transfer saw 372 BTC, valued at $27.86 million, withdrawn from the exchange.
Moreover, in a subsequent transaction, they raked in 200 BTC, which is equivalent to $14.91 million. For further context, it’s important to note that the Winklevoss twins have made such a move after an entire month of dormancy.
Earlier, in March 2026, the brothers dumped nearly $130 million in BTC on Gemini. At the time, reports attributed this sell move to Bitcoin price’s crash from its all-time of $120,000 to $73,000, a massive 40% nosedive. However, with the rebound in BTC price above $75,000 on Tuesday could have influenced the latest acquisition move.
After the March selloff, the Winklevoss brothers had marked their lowest balance in Bitcoin since 2012 holding only 8.8K BTC. Now, netizens are hoping them to buy back the BTC stash they had previously offloaded. They now hold 9,328 BTC in their reserve.
BTC Price Shows Volatility
Despite the acquisition by Winklevoss twins, Bitcoin price remained in limbo today. As of writing, the BTC price dropped 0.89% to $73,900.73 on Wednesday, April 15. This decline signals a rejection from the $75,000 resistance zone as BTC remains stuck in the consolidation range between $70,000 and $75,000.
On Tuesday, the lower-than-expected US PPI inflation data and the possible resumption of US-Iran peace talks could have fueled the upside momentum. However, the gains were short-lived with BTC extending a decline. This downturn has put the Winklevoss brothers at a loss of 0.98% as of now. Their BTC stash was worth around $854.05 million at press time.
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Source: https://coingape.com/winklevoss-twins-boost-bitcoin-stack-with-42m-btc-purchase/