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.

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.