Bloomberg: Gemini's political donations shrink by nearly $5 million due to Bitcoin's decline

According to Bloomberg, a political fundraising group initiated by cryptocurrency billionaire brothers Cameron Winklevoss and Tyler Winklevoss raised over $22 million in the last five months of 2025, but these Bitcoin-based donations may significantly shrink due to market volatility.

According to the latest filings submitted to the Federal Election Commission (FEC), the duo, who operate the cryptocurrency exchange Gemini, transferred 188.4547 Bitcoin to their super PAC, Digital Freedom Fund, in August. At that time, the price of Bitcoin was around $114,000, but the super PAC did not immediately convert it to cash. Documents show that as of December 31, the committee still held these Bitcoins. By then, the price of Bitcoin had dropped by about 23%, to below $88,000, resulting in a market value loss of nearly $5 million for this donation.