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

Odaily · 2026-04-01T08:29:44+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.

Odaily

2026-04-01 08:29:44

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

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

BTC0,12%

ETH2,61%

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