Along with holding $1b worth of Bitcoin, the Winklevoss Twins are Ethereum whales too

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When you think of the Winklevoss Twins - Tyler Winklevoss and Cameron Winklevoss, one of two things likely springs to the front of your mind: 1) they helped to create Facebook, or 2) they're Bitcoin billionaires.

According to a new interview, the Winklevoss Twins, who both run the Gemini cryptocurrency exchange, are Ethereum whales too.

The Winklevoss Twins hold a "Material" amount of ETH. Tyler and Cameron Winklevoss have online personalities largely centered around promoting Bitcoin, with multiple of their tweets recently going crypto-viral, but apparently, they have a large stake in Ethereum to match their Bitcoin holdings.

"We definitely own a lot of ether. They're large and it's a material amount. Yeah, quite large [] A couple of years back we made a concerted effort to buy a lot of ether."

The exact size of their investment was not disclosed, but Cameron added that their Ethereum holdings are in the "Same galaxy" as their Bitcoin's holdings.

You know about the Winklevoss twins' connection to the social* network.

"We're big fans of ether. We have a material amount. It's safe to say, material by any person's standard."

Whatever the case, whether it's ~$1 billion or $230 million in ETH, why are they so bullish? What warrants putting a material chunk of their wealth in the cryptocurrency?

In the interview with Russo, Cameron said he thinks DeFi is a "New vista , a new type of system for which Bitcoin paved the way." Decentralized finance speaks to their general vision about crypto, he added, speaking on behalf of him and his brother.

As reported by CryptoSlate previously, Selkis remarked that he is looking to accumulate Ethereum because he thinks the introduction of the DeFi use case gives "ETH a higher ceiling" to rally towards than when it reached $1,400 and around 0.125 BTC in 2018.