In this article

Gemini Space Station

, the crypto exchange founded and led by the Winklevoss brothers, saw shares surge in extended trading after it announced a $100 million capital injection from Winklevoss Capital Fund, the crypto billionaires' venture capital fund.

The fund bought shares of the company's Class A common stock at $14 each, paid in bitcoin

The announcement came as part of the company's first-quarter financial update. Shares initially popped about 30% and were last higher by 17%.