Just noticed: The Winklevoss brothers have moved nearly $43 million worth of Bitcoin from their Gemini exchange to cold storage in the past few hours. This is the first major transfer in over a month – two tranches of 372 and 200 BTC. Interesting because it shows that something is happening up there again.



The total portfolio of the Winklevoss brothers is now around $853 million (9,328 BTC + 70,588 ETH). But this also reflects the current situation: recently, their holdings had fallen to the lowest level since 2012. Gemini itself has shrunk significantly this year – more than half of its value gone, 30 percent of its staff laid off, several markets exited.

The Winklevoss brothers also reportedly have about $330 million in Bitcoin loans at Gemini. According to reports, there are internal considerations to convert these into equity. With BTC now at $80,900 and ETH at $2,340, the numbers look better on paper than they did months ago. It’s possible that the brothers are re-evaluating their position here.
BTC0.45%
ETH-1.02%
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