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Winklevoss Capital Management is a family office founded in 2012 by Tyler Winklevoss and Cameron Winklevoss. The firm invests across multiple asset classes with an emphasis on providing seed funding and infrastructure to early-stage startups. The company is headquartered in New York’s Flatiron District.[1][2]
On April 11, 2012, Tyler Winklevoss and Cameron Winklevoss revealed ownership of approximately 1% of bitcoins in circulation, worth about $11 million, via Winklevoss Capital. The brothers began buying bitcoin when the value of a single coin was in the single digits.
On July 1, 2013, Digital Asset Services, LLC (wholly owned by Winklevoss Capital) filed a Form S-1 with the U.S. Securities and Exchange Commission to create the Winklevoss Bitcoin Trust, an exchange-traded fund for bitcoin.
In 2013, Winklevoss also lead a funding round for BitInstant, a bitcoin exchange start-up based in New York City. Winklevoss Capital, along with other investors, raised $1.5 million in seed funding to help BitInstant increase its staff and scale up its product.[3]
In 2017, Winklevoss was expected to buy up to $500,000 worth of shares in Eaze, a cannabis delivery startup. After a new Eaze CEO was named, the firm backed out of the deal and in May 2016 was sued in Delaware court for reneging on the deal. Winklevoss is also an investor in Eaze and participated in its series B financing round in 2016. [4][5]
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Edited On
March 17, 2023
Reason for edit:
moving category to organizations
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Views | 239 |
Edited By
Edited On
March 17, 2023
Reason for edit:
moving category to organizations