Analyst: Winklevoss Capital still has 4,619 BTC loans outstanding to Gemini

SmartContractAuditor · 2026-04-01T03:17:03+00:00

Gemini Cryptocurrency Exchange discloses that as of December 31, 2025, there are 4,619 BTC loans outstanding, valued at approximately $314 million, with an annual interest rate of 4%–8%. The exchange has historically borrowed over 11,000 BTC and 133,000 ETH.

SmartContractAuditor

2026-04-01 03:17:03

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Odaily Planet Daily reports that analyst rkham Emmett Gallic said in a post on the X platform that in its latest filing, the cryptocurrency exchange Gemini disclosed that as of December 31, 2025, it still has 4,619 BTC in outstanding borrowings from its affiliate, Winklevoss Capital, which at current prices is approximately $314 million. The filing shows that this category of borrowings carries an annual interest rate of 4%–8% and has no fixed maturity date, but the lender can demand repayment at any time after providing written notice.

Historically, Gemini has cumulatively borrowed more than 11,000 BTC and 133,000 ETH from Winklevoss Capital.

BTC1.97%

ETH3.69%

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