Gemini · Bitcoin · Bitcoin Magazine
Gemini Stock Climbs After Winklevoss Twins Make $100 million Bitcoin Bet on Company Future
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Cameron and Tyler Winklevoss announced a $100 million Bitcoin-funded investment into Gemini alongside a Q1 earnings report showing 42% year-over-year revenue growth.
Key facts
- Winklevoss Capital Fund purchased 7.1 million shares at $14 per share, nearly triple the stock’s recent market price of around $4.92
- Gemini (NASDAQ: GEMI) reported total revenue of $50.3 million for the quarter ended March 31, 2026, driven by a surge in services and OTC revenue
- The net loss narrowed to $109 million, an improvement from the $141 million loss recorded in the same quarter of 2025
- Those events sparked a wave of shareholder class action suits alleging the company misled investors in its September 2025 IPO, priced at $28 per share and initially trading as high as $45.89
Summary
Cameron and Tyler Winklevoss made their boldest statement yet about Gemini Space Station’s future: a $100 million strategic investment into their own company, funded not with cash but with Bitcoin. The announcement, paired with a first-quarter earnings report that showed 42% revenue growth year-over-year, sent GEMI shares climbing more than 20% in after-hours trading Thursday night. Gemini (NASDAQ: GEMI) reported total revenue of $50.3 million for the quarter ended March 31, 2026, driven by a surge in services and OTC revenue. Shares were up over 30% this morning before settling at the time of writing.