Overview
- Winklevoss Capital shifted 572 bitcoin from a Gemini exchange wallet into custody addresses, according to Arkham Intelligence tracking.
- Arkham’s labels show the coins left a Gemini hot wallet used for trading and withdrawals and arrived in addresses tied to Winklevoss Capital and Gemini Custody.
- The fund’s tracked holdings now total 9,328 BTC and 70,588 ETH across 128 addresses, an on-chain portfolio of about $853 million at recent prices.
- Arkham’s data shows wallet flows but not motives, so the move could reflect a new purchase, an internal shift between exchange and storage, or a partial reversal of last month’s $128.5 million deposit into Gemini.
- Bloomberg reports Gemini Space Station has lost over half its market value in 2026, cut about 30% of staff, exited the U.K., EU, and Australia, and is weighing converting roughly $330 million of insider bitcoin loans into equity, a step that would swap debt claims for ownership.