Cameron and Tyler Winklevoss, co-founders of the Gemini crypto exchange, may have sold approximately 1,773 Bitcoin, valued at $130 million. These transactions were reportedly made following transfers to Gemini hot wallets last week, according to Arkham Intelligence.
The transfers occurred on March 4, initiated through Winklevoss Capital, the twins' family office. At the time of these movements, Bitcoin was trading between $67,000 and $68,000.
Winklevoss Capital's wallet still holds over 8,700 BTC, currently valued at $621 million, along with a $145 million Ethereum holding.
The Winklevoss brothers gained early prominence from their Facebook founding dispute with Mark Zuckerberg and later became prominent Bitcoin investors, reportedly acquiring about 120,000 coins in 2013 when prices were around $10 each.