Gemini Offsets Bitcoin Holdings – Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides

Bitcoin exchange Gemini Trust, run by the Winklevoss brothers Cameron and Tyler, has purchased around $4 million in carbon credits to help offset the alleged carbon emissions footprint of its bitcoin held in custody, reported Bloomberg.

“We want to build a better world” with Bitcoin, Tyler Winklevoss told Bloomberg. “It’s also important to be sustainable as we navigate into that vision.”

Gemini purchased the carbon credits indirectly through a donation to Climate Vault. This Delaware-based, nonprofit, nonstock corporation seeks to facilitate organizations to achieve net-zero carbon emissions by leveraging existing offset markets.

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