Winklevoss Twins Move 20.5 Billion Yen Worth of Bitcoin to Exchange: What's the Purpose?

BTC Balance Equivalent to 120.5 Billion Yen

Blockchain analytics platform Arkham reported on March 10th that Cameron Winklevoss and Tyler Winklevoss, co-founders of the cryptocurrency exchange Gemini, have transferred approximately 1,773 BTC to Gemini's hot wallet since last week, amounting to an equivalent of 20.5 billion yen.

Arkham has analyzed this transfer as 'likely intended for sale,' while also noting other possibilities within the industry such as OTC transactions, asset rebalancing, and liquidity provision...