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Over the past week, Gemini founders Cameron and Tyler Winklevoss have moved around $130M in Bitcoin to the exchange’s hot wallets, according to blockchain analytics firm Arkham — sparking speculation of a possible sell-off.
Are The Winklevoss Twins Cashing Out?
Arkham noted on X that Bitcoin transfers from wallets linked to Cameron and Tyler Winklevoss took place over the past week, hinting at potential sell-side positioning as BTC trades near local highs.
BTC surged past $70K on Tuesday, reversing four days of declines spurred by a strong U.S. dollar and heightened geopolitical fears. With a 2.9% daily gain, Bitcoin trades near $70,673, signaling renewed momentum in the market, per CoinGecko.
Transfers to exchange-linked wallets sparked Arkham’s “presumably to sell” warning, but without confirmation from the Winklevoss twins, traders can only speculate.
Since the transfers went to hot wallets on their own exchange, some observers speculated they could be for OTC trades, custody rebalancing, or boosting exchange liquidity — not necessarily a sell-off.
 
Winklevosses Still Hold $764M Bitcoin Stash
The Winklevoss bros still hold $764M in Bitcoin after the recent transfers. At their peak, the duo controlled a staggering 1% of Bitcoin’s circulating supply, Arkham notes.
The pair first purchased Bitcoin back in April 2013, spending $11M at $120 per BTC using cash and Facebook stock from their $65M legal settlement with Mark Zuckerberg, CNBC reported. That early bet skyrocketed over the years, exceeding $1B by December 2017 when BTC approached the $20,000 mark.
Arkham estimates the twins’ total Bitcoin P&L at an eye-popping $1.8 billion, showing that their early crypto investment remains largely intact despite recent transfers.
The Winklevoss brothers have remained publicly bullish on Bitcoin. In September 2025, for instance, they predicted that the top crypto would hit a price of $1 million per coin as it “disrupts gold.”
That being said, Cameron and Tyler Winklevoss’ BTC move aligns with a wave of activity from sovereign and institutional wallets in the last 24 hours. As ZyCrypto reported, the Royal Government of Bhutan moved 175 BTC worth around $12 million on Monday. Arkham data reveals that Bhutan’s state-owned investment arm has been gradually offloading its Bitcoin holdings, moving roughly $42.5M in BTC and USDT so far in 2026 through a handful of repeat counterparties.
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