capital · May 16, 2026
Gemini Reports Q1 Results with $100M Winklevoss Capital Investment and Revenue Beat
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Gemini announced Q1 2026 results including $50.3 million revenue, up 42% from the prior year, and a $100 million investment from Winklevoss Capital Fund at $14 per share paid in Bitcoin. The company narrowed its net loss to $109 million while exchange revenue fell 27% year-over-year to $17.2 million amid lower trading volumes of $6.3 billion. Credit card revenue reached $14.7 million and OTC revenue increased to $6.3 million. Winklevoss Capital Fund completed the direct investment on May 14, 2026, boosting GEMI shares more than 20% in after-hours trading.
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