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How Much Bitcoin Do the Winklevoss Twins Own in 2023?
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How Much Bitcoin Do the Winklevoss Twins Own in 2023?

Dunja Radonic
Dunja Radonic
February 17th, 2023
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Tyler and Cameron Winklevoss are one of the most prominent investors in bitcoin. The billionaire brothers had their bitcoin collection since they received $65 million in settlement money in their lawsuit against Mark Zuckerberg. However, many people wonder—how much bitcoin do the Winklevoss twins own now?

How Much Bitcoin Do the Winklevoss Twins Own?

In 2013, the brothers bought close to 1% of all bitcoin stocks. Aside from other digital assets the brothers might have, Winklevoss’s bitcoin holdings are now estimated at around 70,000 bitcoins.

(Forbes)

More Facts about the Winklevoss Twins

The famous twins made a splash in the world of cryptocurrency by becoming one of the first bitcoin billionaires. Their high-profile case against Zuckerberg helped propel them into the world of bitcoin. See what the brothers have been up to since then.

The brothers founded a currency exchange company called Gemini.

In 2014, the well-known crypto twin brothers established the Gemini crypto exchange. They said their experience in the crypto exchange space was difficult and risky, which motivated them to create a safer space for these transactions. That’s when they came up with the idea for Gemini.

(CNN)

They bought their first bitcoin in 2012.

The brothers first bought bitcoin in 2012. Although the Winklevoss twins have crypto outside of bitcoin, they believe that bitcoin will surpass gold in its availability and mobility.

(Investopedia)

The brothers bought bitcoin when it was worth $8.

When the brothers started investing in bitcoin, it was worth only $8 so this investment was more than a smart money move on their end. What’s more, they spent around $10 million on their investment bitcoin.

(Forbes)

They created a stablecoin named the Gemini Dollar (GUSD).

The Winklevoss brothers created the Gemini dollar to resemble the US dollar in the digital world. Its value is pegged to 1:1 to the US dollar. The GUSD is used on the Ethereum network as means of credit or tokens.

(Crypto)

The brothers supposedly lost around 60% of their bitcoin wealth.

After FTX’s bankruptcy, and the decrease in bitcoin’s value, the crypto twin brothers are said to have lost nearly 60% of their bitcoin’s worth.

(Forbes)

10% of the staff at Gemini were laid off recently.

Earlier this year, the brothers had to lay off 10% of their staff at Gemini. The brothers explained that their company wasn’t the only one experiencing issues at this time.

(CNBC)

Conclusion

The Winklevoss twins and their bitcoin investment were a force to be reckoned with up until recently. Although the brothers still retain quite a fortune, their wealth has nearly been split in half due to the recent crash in crypto.

For those wondering how much bitcoin the Winklevoss twins own, the answer is around 70,000 bitcoins. However, it remains to be seen how much they currently have in bitcoin and other assets.

Sources:

Contributors

Dunja Radonic
Writer
Dunja is an English Literature graduate with years of experience as a writer and translator. She doesn't mind diving into as many reports and numbers as she can—especially about topics like crypto that still need some translating to the public—’cause she loves to get the message across. When she's not working, you'll find her running wild with her pack of dogs, playing board games, or bingeing on pop science videos.