Last updated on May 12th, 2026 at 03:04 pm
Winklevoss Capital, the family office run by Gemini co-founders Cameron and Tyler Winklevoss, has moved about $42.77 million in Bitcoin to Gemini’s custody. This large transfer comes after the firm’s Bitcoin reserves dropped to their lowest point since 2012.
Blockchain data from Arkham shows the twins’ investment fund now holds about 8,800 BTC after this recent move. Just over a month ago, they put around $128.5 million in Bitcoin into Gemini hot wallets, which led to speculation about possible sales or over-the-counter deals.
The WInklevosses just withdrew $42.77M of BTC from Gemini.
Their last major movement was over 1 month ago, where they deposited $128.5M of BTC into Gemini.
That marked their lowest balance of Bitcoin since 2012, holding only 8.8K. Are they starting to buy back now? pic.twitter.com/dCsxA9IABc
— Arkham (@arkham) April 15, 2026
Strategic rebalancing amid institutional shifts
The recent activity suggests a transition from active exchange-linked wallets toward more secure, long-term custody solutions. While the brothers have not publicly confirmed the intent behind these specific transfers, analysts note that such movements often precede institutional rebalancing or the funding of new ventures.
This liquidity management coincides with the twins’ broadening investment portfolio. Recent reports indicate the Winklevosses have allocated Bitcoin toward American Bitcoin Corp., a mining firm linked to Donald Trump Jr. and Eric Trump, as Gemini prepares for a potential public offering.
Bitcoin treasury trends
The movement of assets into custody reflects a broader trend among major “Digital Asset Treasuries” (DATs) in 2026. Earlier this year, Tyler and Cameron Winklevoss made a significant contribution to the Zcash network’s future, donating $1.2 million in cryptocurrency to Shielded Labs. This independent Swiss non-profit will allocate the funds to technical developments, including the “Crosslink” hybrid protocol, and establish a sustainability fund to guarantee the long-term health of the privacy-focused blockchain. By supporting Shielded Labs, which operates without protocol-based rewards, the donors are emphasizing their commitment to bolstering financial privacy and self-sovereignty in the face of rising digital surveillance.
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