capital · May 16, 2026
Gemini Shares Jump 25% After Winklevoss Twins Inject $100M Bitcoin into Exchange
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Gemini Space Station reported 42% year-over-year Q1 revenue growth to $50.3 million alongside a $100 million Bitcoin-funded investment from Winklevoss Capital Fund at $14 per share. The investment, completed through private placement for 7,142,857 Class A shares, followed Q1 results showing transaction revenue stable at $24.1 million and services/interest income up 122% to $24.5 million. Gemini posted a $109 million net loss for the quarter, narrower than expected, with prediction markets contributing $0.4 million from 20,000 users. Cameron and Tyler Winklevoss executed the Bitcoin payment on May 14, 2026, driving GEMI shares higher by 25% in extended trading.
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