PANews reported on April 1st that, according to Gemini's latest filing, as of December 31, 2025, Gemini's outstanding loan to Winklevoss Capital amounted to 4,619 bitcoins (no outstanding Ethereum loans). The annual fee rate for this type of loan is 4% to 8%, incurring approximately $24.2 million and $21.1 million in loan fees in 2025 and 2024, respectively. The loan agreement has no fixed maturity date and no affirmative or negative covenant; Gemini may repay early, but Winklevoss Capital may demand repayment at any time upon written notice.