Arkham data shows that their PnL on Bitcoin amounted to $1.8 billion.
The Winklevoss twins, who have mostly been talking about Zcash and Cypherpunk lately, have made a large transfer of BTC to the cryptocurrency exchange they co-founded a decade ago.
According to data from analytics firm Arkham, the transfer of $130 million to Gemini’s hot wallets was made “presumably to sell.”
THE WINKLEVOSS TWINS SOLD FOR $130M BTC
The Winklevoss Twins have transferred $130 million worth of BTC to Gemini Hot Wallets since last week, presumably to sell.
The Winklevosses once owned 1% of the circulating BTC supply – and now continue to hold $764 million worth of BTC. Their total PnL on BTC is currently… pic.twitter.com/Pjzp45V3K7
-Arkham (@arkham) March 10, 2026
Their data further indicates that the brothers once owned around 1% of Bitcoin’s supply. Previous reports suggested they began buying BTC in 2011, purchasing $11 million worth of the cryptocurrency at $120 per unit out of the $65 million they were awarded in cash and Facebook shares following a dispute with Mark Zuckerberg.
Although they reportedly sold some of their holdings to launch Gemini, their estimated PnL on Bitcoin remains around $1.8 billion, Arkham added.
They have made several high-profile donations over the years, including multi-million dollar transfers of BTC to Donald Trump’s 2024 presidential campaign, on the promise that he was pro-bitcoin, pro-crypto and pro-business.
While advocating for more privacy in the cryptocurrency industry, their attention has recently turned to Cypherpunk, a company dedicated to self-sovereignty.
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In the initial statement, the brothers said they will “execute our mission by accumulating, creating and supporting privacy-protecting assets and technologies at a time when the world needs them more than ever.”
The latest press release shared by the company indicates that Cypherpunk Technologies has invested $5 million in Zcash Open Development Lab (ZODL), marking its first technology investment outside of ZEC.
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