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Gemini Stock Jumps on Revenue Rise, $100M Bitcoin Investment From Winklevoss Capital - Decrypt
Crypto exchange Gemini secured a $100 million Bitcoin investment from its founders’ fund, and revealed a 42% YOY Q1 revenue bump.
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cnbc.com
Gemini surges after Winklevoss Capital Fund invests $100 million in the crypto exchange
The company also topped revenue expectations for the quarter and posted a narrower-than-expected loss than analysts anticipated, according to FactSet.
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thenextweb.com
The Winklevoss twins paid 2.5x the share price to lift Gemini off the floor
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.
