Winklevoss Twins Move $130M in Bitcoin Amidst Gemini’s Tumultuous Post-IPO Struggles!

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Winklevoss Twins Move $130M in <a href="https://thbusd.com/btc-usd/">Bitcoin</a> as Gemini Battles Post-IPO Turbulence

Key Takeaways

  • Cameron and Tyler Winklevoss transferred $130M in BTC to Gemini hot wallets, signaling a possible portfolio shift after holding since 2013
  • Gemini stock has collapsed over 76% since its September 2025 IPO, now trading around $8.70
  • The exchange is pulling out of the UK, EU, and Australia while cutting 25% of its global workforce
  • Three senior executives departed in early March 2026, dragging shares down another 13%

The twins are believed to own around 70,000 Bitcoin, plus another $764 million in other cryptocurrencies. They’ve made about $1.8 billion in profit from their initial $11 million investment over the past ten years, when Bitcoin cost around $120 per coin. At one point, they owned close to 1% of all Bitcoin in existence.

It’s currently unknown what caused this recent shift. Experts suggest a few reasons, including adjustments to investment portfolios, preparations for selling a portion of the company, or general business decisions related to the challenges Gemini has faced since becoming publicly traded. The timing is also notable, as it lines up with the date in March 2026 when insiders will be allowed to sell their shares.

Some crypto enthusiasts online are excited about a recent large transfer of cryptocurrency, seeing it as a significant event. Others believe it’s simply investors cashing in on profits they’ve held for a long time.

I’ve been following the Winkelvoss twins’ predictions for a while now, and they remain very optimistic about Bitcoin’s future. Just last September, they publicly stated they still believe Bitcoin could reach $1 million per coin within the next ten years – they haven’t changed their minds at all.

THE WINKLEVOSS TWINS SOLD $130M BTC

Since last week, the Winklevoss twins have moved $130 million worth of Bitcoin to Gemini’s hot wallets, likely to sell it.

The Winklevoss twins used to control 1% of all Bitcoins in circulation, and they still hold $764 million worth today. Their overall profit from Bitcoin is currently…

— Arkham (@arkham)

Gemini’s IPO Story Has Turned Ugly

Gemini’s stock began trading on the Nasdaq on September 12, 2025, with the stock symbol GEMI, and its initial performance was strong. Shares were priced at $28 each, giving the company a value of $3.3 billion. On the first day of trading, the stock price jumped 32%, starting at $37.01 and reaching a high of $45.89 during the day.

After an initial burst of excitement, investor interest in GEMI has waned. As of March 2026, the stock is trading at approximately $8.70, a significant drop of over 76% from its initial public offering price, leaving its market value around $1 billion.

Gemini experienced a significant loss of $283 million in the first half of 2025. As a result, the company announced it would reduce its workforce by 25% worldwide. Shortly after, in early March, three top executives left the company, causing the stock price to fall an additional 13%.

The situation for international users has been similarly challenging. In February 2026, Gemini announced it would completely leave the UK, European Union, and Australia by April 6th, focusing its efforts on the United States and Singapore. Starting March 5th, international accounts were limited to withdrawing funds only.

The Numbers Behind the Exchange

Despite recent challenges, I don’t see Gemini as a failing platform. They’re still a significant player, currently holding over $21 billion in crypto assets for their customers. That breaks down to about $14.8 billion in Bitcoin and $4.36 billion in Ethereum. Plus, they have a solid user base – over 523,000 monthly active users, and importantly, around 10,000 institutional clients.

However, looking at daily trading activity shows a different picture. By February 2026, the exchange saw about $29.4 million in trades over a 24-hour period, which is considerably lower than the volume seen on leading exchanges.

The company’s next earnings report is on March 19, 2026, and will be a key event for investors. Recent changes – including executives leaving, layoffs, and the upcoming end of the lock-up period for certain shares – mean all eyes will be on the results.

A Pivot Toward Prediction Markets

As part of a company reorganization, Cameron and Tyler Winklevoss are focusing on a new venture. In December 2025, their company, Gemini, introduced “Gemini Predictions,” a platform for prediction markets that they hope will one day compete with established financial markets.

It’s still unclear if this idea will become popular. However, the exchange – originally funded by the $65 million Mark Zuckerberg paid in a 2008 settlement and used to make early investments in cryptocurrency – is currently facing a very difficult period.

This article is for informational purposes only and shouldn’t be considered financial, investment, or trading advice. Coindoo.com doesn’t support or suggest any particular investment or cryptocurrency. Always do your own research and talk to a qualified financial advisor before investing.

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2026-03-10 22:08