Analyst: Gemini has not repaid $314M in BTC to Winklevoss Capital

On-chain analyst Emmett Gallic reported on X that cryptocurrency exchange Gemini has not repaid 4,619 BTC, worth $314 million, to Winklevoss Capital as of the end of last year. The outstanding amount is part of a past loan of 11,000 BTC and 133,000 ETH. Both Gemini and Winklevoss Capital were founded and are owned by the Winklevoss brothers. Winklevoss Capital primarily invests in tech startups and has previously been observed selling its crypto holdings through the Gemini exchange.