Gemini Space Station shares are trading higher in extended trading Thursday after the company reports first-quarter results and announced an investment from Winklevoss Capital Fund.

Gemini posted $50.3 million in total revenue in Q1, pointing to growth in services, OTC trading and its crypto-linked credit card segment.

Gemini Space Station shares are trading higher in extended trading Thursday after the company reports first-quarter results and announced an investment from Winklevoss Capital…

The company also topped revenue expectations for the quarter and posted a narrower-than-expected loss than analysts anticipated, according to FactSet.

Gemini Space Station shares surged in premarket trading after Winklevoss Capital paid $100m in bitcoin, at 2.5x the market price, for 7.1m new Class A shares, alongside a Q1 beat.

"We believe the market has significantly undervalued Gemini..."

May 15 : Gemini Space Station shares surged more than 20 per cent in premarket trading on Friday after the cryptocurrency exchange reported a smaller-than-expected quarterly loss…

Gemini shares jumped 25% after Winklevoss Capital injected $100M in Bitcoin at $14/share, even as the exchange reported a $109M quarterly net loss.

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.