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

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.