Tyler Winklevoss upbeat despite brutal sentiment as Gemini troubles deepen

CoinTelegraph

by Christina Comben

February 23, 2026

AI-Generated Deep Dive Summary

Tyler Winklevoss, co-founder of Gemini, has expressed optimism about the cryptocurrency market despite a wave of negativity. However, this sentiment contrasts with recent data indicating challenges facing his exchange and related ventures. Reports reveal that Winklevoss Capital has been reducing its Bitcoin holdings over the past year, from approximately 23,000 BTC in February 2025 to fewer than 11,000 BTC by February 2026, according to on-chain trackers like Arkham. Additionally, Gemini’s SEC filings show projected net revenue for 2025 between $165 million and $175 million, up from $141 million in 2024, with a 17% year-on-year increase in monthly transacting users, reaching about 600,000. Despite these figures, the market’s pessimism and ongoing issues like layoffs suggest the exchange is undergoing significant adjustments. The context of Winklevoss’s optimism comes amid broader crypto industry struggles. The sale of Winklevoss Capital’s Bitcoin holdings raises questions about the firm’s strategy and confidence in the market. While Gemini’s revenue projections indicate growth, with a 17% increase in users, concerns persist over the sustainability of this trajectory. The exchange’s SEC filing also highlights its financial health, but the overall crypto sentiment remains sour, influenced by factors such as regulatory scrutiny and economic uncertainties. This situation matters to crypto enthusiasts and investors because it reflects the broader challenges facing major players like Gemini. Winklevoss’s optimistic public stance contrasts with internal data showing reduced Bitcoin exposure, raising questions about alignment between rhetoric and reality. The industry’s health is under close watch, with stakeholders looking for signs of recovery or further decline. As crypto continues to navigate volatility, insights into key figures like Tyler Winklevoss and platforms like Gemini provide valuable context for understanding the market’s trajectory.

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Originally published on CoinTelegraph on 2/23/2026