Winklevoss Twins are selling Bitcoin again? Arkham marks major BTC transfer to Gemini

Arkham’s data shows that their PnL on bitcoin has increased to $1.8 billion.

The Winklevoss twins, who have been talking mostly about Zcash and Cypherpunk lately, have made a large BTC transfer 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 $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 still control $764 million worth of BTC. Their total PnL on BTC is currently… pic.twitter.com/Pjzp45V3K7

— Arkham (@arkham) March 10, 2026

Their data further shows that the brothers once owned about 1% of the bitcoin supply. Previous reports suggested that they started buying BTC in 2011, buying $11 million worth of cryptocurrency at $120 per unit from the $65 million they got in cash and Facebook stock after a legal dispute with Mark Zuckerberg.

Although they have reportedly sold some of their assets to launch Gemini, their estimated PnL on bitcoin remains around $1.8 billion, Arkham added.

They have made several newsworthy donations over the years, including millions of dollars transfers of BTC to Donald Trump’s 2024 presidential campaign, promising that he was pro-bitcoin, pro-crypto and pro-business.

While they advocate for more privacy in the cryptocurrency industry, their focus has recently shifted to Cypherpunk – a company dedicated to self-sovereignty.

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In the first statement, the brothers said they will “execute our mission by collecting, building and supporting privacy-preserving assets and technologies at a time when the world needs them more than ever.”

The latest press release shared by the company reads that Cypherpunk Technologies has invested $5 million in Zcash Open Development Lab (ZODL), its first technology investment outside of ZEC.