Along with holding $1b worth of Bitcoin, the Winklevoss Twins are Ethereum whales too


Cryptocurrency / Cryptocurrency 96 Views comments

When you think of the Winklevoss Twins — Tyler Winklevoss and Cameron Winklevoss, one of two things likely springs to the front of your mind: 1) they helped to create Facebook, or 2) they’re Bitcoin billionaires.

After settling with Facebook’s Mark Zuckerberg for $20 million and 1.2 million Facebook shares, they put a substantial amount of their wealth into Bitcoin, having found out about the cryptocurrency earlier.

By 2013, they reported having approximately one percent of all BTC in circulation at the time, which would be about 0.6-0.7 percent of all coins in circulation today. (Some say the Twins own 120,000 coins, worth just over $1 billion as of the time of this article’s writing.)

But according to a new interview, the Winklevoss Twins, who both run the Gemini cryptocurrency exchange, are Ethereum whales too.

The Winklevoss Twins hold a “material” amount of ETH

Tyler and Cameron Winklevoss have online personalities largely centered around promoting Bitcoin, with multiple of their tweets recently going crypto-viral, but apparently, they have a large stake in Ethereum to match their Bitcoin holdings.

Speaking to Camila Russo, a former Bloomberg journalist turned Ethereum-focused media personality who operates Defiant, Cameron Winklevoss said:

“We definitely own a lot of ether. They’re large and it’s a material amount. Yeah, quite large […] A couple of years back we made a concerted effort to buy a lot of ether.”

The exact size of their investment was not disclosed, but Cameron added that their Ethereum holdings are in the “same galaxy” as their Bitcoin’s holdings.

That could mean one of two things: 1) they own approximately $1 billion worth of the cryptocurrency, or 2) they own around one percent of all ETH in circulation, which would be a ~$230 million stash.