How did the Winklevoss twins sell their Bitcoin holdings?

3 answers

• Ihny PODAOct 10, 2024 · 9 months ago
  Sure! The Winklevoss twins, famous for their involvement in the early days of Bitcoin, sold their Bitcoin holdings through a combination of over-the-counter (OTC) trading and cryptocurrency exchanges. They first transferred their Bitcoins to a reputable OTC trading desk, where they were able to negotiate a private sale with a large buyer. This allowed them to sell a significant amount of Bitcoin without causing a major price impact on the market. After the OTC sale, they also sold a portion of their holdings on popular cryptocurrency exchanges like Gemini, which they co-founded. By using a combination of OTC trading and exchanges, the Winklevoss twins were able to efficiently sell their Bitcoin holdings while minimizing market disruption.
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• Max HarrisDec 15, 2021 · 4 years ago
  The Winklevoss twins sold their Bitcoin holdings by utilizing a combination of OTC trading and cryptocurrency exchanges. OTC trading, also known as over-the-counter trading, involves direct transactions between two parties without the need for an intermediary exchange. This method allows for larger trades and more privacy. The twins likely approached a reputable OTC desk to facilitate the sale of their Bitcoin holdings. Additionally, they may have used cryptocurrency exchanges, such as Gemini, to sell smaller portions of their holdings. Gemini, founded by the Winklevoss twins themselves, is a popular exchange known for its security and regulatory compliance. By leveraging both OTC trading and exchanges, the Winklevoss twins were able to successfully divest their Bitcoin holdings.
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• Stephan van SchalkwykDec 13, 2023 · 2 years ago
  To sell their Bitcoin holdings, the Winklevoss twins likely used a combination of OTC trading and cryptocurrency exchanges. OTC trading allows for large-scale transactions to be conducted directly between buyers and sellers, without the need for a traditional exchange. This method is often used by institutional investors and high-net-worth individuals who want to avoid the potential market impact of selling a large amount of Bitcoin on an exchange. As for cryptocurrency exchanges, the Winklevoss twins may have used platforms like Gemini, which they co-founded. Gemini is known for its strong security measures and regulatory compliance. By utilizing both OTC trading and exchanges, the Winklevoss twins were able to sell their Bitcoin holdings in a way that suited their needs and minimized market disruption.
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