While Bitcoin (BTC) continues to move within a certain range, news emerged last week that the Winklevoss brothers sold $130 million worth of Bitcoin.
According to a post from blockchain analytics platform Arkham Intelligence’s X account, the Winklevoss brothers, co-founders of the US-based cryptocurrency exchange Gemini, may have sold approximately $130 million worth of BTC last week.
According to the data, the Winklevoss twins have deposited $130 million worth of BTC into their Gemini hot wallet since last week.
Arkham stated that Bitcoin movements could be preparation for a sell-off.
The Winklevoss brothers once owned 1% of the circulating BTC supply and now hold $764 million worth of BTC. Their total profits and losses in BTC currently amount to $1.8 billion.
According to the Winklevoss crypto wallet shared by Arkham, they hold $620 million worth of Bitcoin and $145 million worth of Ethereum (ETH).
*This is not investment advice.