Winklevoss Twins Transfer $130 Million in Bitcoin to Gemini

Winklevoss Capital, the investment firm owned by Gemini co-founders Cameron and Tyler Winklevoss, has long invested in digital assets including Bitcoin. Moving funds from an exchange hot wallet to a custody address typically helps reduce platform and hacking risks, making large onchain transfers closely watched by the market.

Arkham data showed that Winklevoss Capital transferred 572 Bitcoin, worth about $42.8 million, from a Gemini hot wallet during the 17 hours through July 20, 2026. It was the fund's first large inflow in more than a month, and its onchain assets are now worth about $853 million.

Gemini, co-founded by Tyler and Cameron Winklevoss, has come under pressure in recent years from rising operating expenses, layoffs and its withdrawal from multiple international markets. Although the brothers have continued to publicly express confidence in Bitcoin, the contrast between the exchange's difficulties and their family investment firm's shrinking holdings has become an important signal for investors assessing their financial position.

Recent reports said the Winklevoss brothers sold about $130 million in Bitcoin. On-chain data also showed that, over the year leading up to July 2026, Winklevoss Capital's holdings fell from about 23,000 BTC to fewer than 11,000 BTC. Compared with its previous holdings of about 108,000 BTC, the current position is only about 8% of its peak.