The twins keep the private key for their bitcoin fortune in multiple pieces in bank vaults around the. 1 billion to customers after regulatory issues. · under the surface, the winklevoss bitcoin trust would’ve mirrored spdr gold shares (gld), with in-kind redemption, fees paid in btc, and private keys to the trust’s coins held under physical custody in bank vaults. Winklevoss twins cut up key in an elaborate attempt to protest their assets. · the twins printed off their shared bitcoin key, cut it into multiple segments, and stored each segment in different safe deposit boxes in banks across the united states. · despite the meteoric rise of their wealth, the winklevoss twins face significant risk—and that matters when evaluating their fortune. Their company, gemini, was forced into a settlement to return over $ 1. · while many people might use the funds to start their own business, prepare for the future, or splash out on luxury goods, cameron and tyler winklevoss decided to invest their newly earned fortune into a newly formed cryptocurrency you might have heard of called bitcoin. · their bitcoin holdings are now worth $1. 3 billion, the new york times reported. · here’s how the winklevoss twins became todays crypto powerhouses, the controversies they’ve faced, and why their influence still matters in the mid-2020s.
