Gemini Space Station, Inc. (NASDAQ:GEMI) co-founders Tyler Winklevoss and his twin brother Cameron could dump millions worth of Bitcoin (CRYPTO: BTC) on the market, on-chain analytics firm Arkham said on Tuesday.
Transaction Sparks Intrigue
In an X post, Arkham highlighted that a wallet tied to Winklevoss Capital, the family office of the Winklevoss twins, sent 1,750 BTC, worth $121 million as of this writing, to Gemini hot wallets, “presumably for selling.”
The wallet still holds 8,757 BTC, worth $751.86 million, with unrealized profit of $1.8 billion on the holdings.
Benzinga reached out to Gemini for a comment, but has yet to hear back.