Gemini’s Tyler Winklevoss said he’s “optimistic” amid peak crypto pessimism, but SEC filings, layoffs and public data on Winklevoss Capital’s BTC sales paint a different picture.
Gemini co-founder Tyler Winklevoss says crypto sentiment is so bad he’s “optimistic,” even though the exchange he runs with his brother Cameron is forced into a sharp reset and Winklevoss Capital appears to have been steadily selling Bitcoin for the last 12 months.
Despite his public bullish sentiment, onchain trackers including Arkham reveal that the Winklevoss Capital wallet has been reducing its Bitcoin (BTC) exposure over the past year, from about 23,000 BTC in February 2025 to fewer than 11,000 BTC in February 2026.
Gemini’s latest filing with the US Securities and Exchange Commission (SEC) on Tuesday showed that it expected net revenue of between $165 million and $175 million for 2025, up from $141 million in 2024, with about 600,000 monthly transacting users, a 17% year‑on‑year increase.
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