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Winklevoss Capital moves $43 million in bitcoin to custody after hitting lowest balance since 2012
Arkham data shows 572 BTC moved from Gemini’s hot wallet to Winklevoss custody addresses in two transactions in 17 hours, reversing part of last month’s $128.5 million deposit.
Updated Apr 15, 2026, 10:47 a.m. Published Apr 15, 2026, 9:01 a.m.
What to know:
- Winklevoss Capital moved 572 bitcoin, about $42.8 million, from a Gemini hot wallet into custody wallets over the past 17 hours, the first major inflow in more than a month.
- The fund now holds 9,328 bitcoin and 70,588 ether across 128 addresses tracked by Arkham, giving a total onchain portfolio of roughly $853 million.
- Gemini Space Station, the crypto exchange founded by the Winklevoss twins, has lost more than half its market value this year, cut 30% of its staff, exited several markets and is weighing converting about $330 million of insider bitcoin loans into equity, according to Bloomberg.
Winklevoss Capital now holds 9,328 BTC worth $689 million across 128 tracked addresses, up from about 8,800 BTC after a $128.5 million deposit into Gemini roughly a month ago that brought holdings to their lowest level since 2012.
It also holds 70,588 ETH worth $163.7 million, bringing its total tracked portfolio to approximately $853 million, the Arkham data show.
The onchain data shows the direction of movement, not the intent. The transfers could reflect new purchases, internal rebalancing between Gemini’s exchange and custody infrastructure, or a partial reversal of last month’s deposit.
Gemini Space Station (GEMI), founded by Tyler and Cameron Winklevoss, has faced mounting financial pressure this year.
