capital · May 18, 2026
Gemini Announces $100 Million Strategic Investment from Winklevoss Capital at $14 Per Share
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On May 14, 2026, Gemini closed a $100 million private placement with Winklevoss Capital Fund for 7,142,857 shares of Class A common stock priced at $14 per share, funded entirely in bitcoin. The investment bolsters the balance sheet amid expansion into prediction markets and agentic trading tools. Gemini reported Q1 revenue of $50 million, up 42% year-over-year, and narrowed net loss 27% to $109 million. The company holds both DCM and DCO licenses from the CFTC following its April 2026 approval. Prediction markets have seen 20,000 users and over 100 million contracts traded since launch.
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