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25 September 2022
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Ethereum

Two Bitcoin (BTC) Billionaires Reveal They’re Now Holding Huge Amounts of Ethereum (ETH)

The Winklevoss twins, widely regarded as the world’s first Bitcoin billionaires, now say BTC isn’t the only crypto asset in their portfolios.

In a new interview with Camila Russo of The Defiant, Tyler and Cameron Winklevoss, co-founders of the crypto exchange Gemini, say they are also large investors in Ethereum, the second-most valuable cryptocurrency by market cap.

“We definitely own a lot of Ether. They’re large and it’s a material amount, yeah quite large… I think it’s safe to say material by any person’s standard, like anybody’s wealth amount.”

The twins did not disclose the exact amount of their investment in Ethereum, but hinted it is of “the same universe” and in the “same galaxy” as their Bitcoin holdings.

“It’s sizeable. A couple of years back we made a concerted effort to buy a lot of Ether.”

In 2013, the twins revealed they own 120,000 BTC, which is equivalent to 1% of all Bitcoin in circulation at the time. With Bitcoin now hovering at $9,196, the value of the BTC trove is now over $1.1 billion.

If the twin’s stake in ETH is comparable to their Bitcoin investment, Tyler and Cameron could be holding about 4% of all Ethereum in circulation.

News Source

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