Winklevoss twins inject $100M into struggling crypto exchange Gemini using Bitcoin as shares surge 15% in post-market trading
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Promote with Leviathan News1,258 BTC bought 7.14M GEMI shares at $14 while the stock closed $5.26, so the premium reads more like founder-underwritten runway than a clean valuation mark. Spot volume fell to $6.3B from $13.5B YoY; the bet is that the DCM+DCO stack turns Gemini into a regulated U.S. venue for predictions, futures, options and maybe perps before the cash burn eats the Bitcoin. X is already treating $GEMI like a squeeze tape, but $0.4M in prediction-market revenue against a $109M quarterly loss says the regulatory moat still has to become actual flow.
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- Winklevoss Twins Put $100M Into Gemini Shares - Bitcoin Foundation (bitcoinfoundation.org)
- Gemini shareholders sue Winklevoss twins over crypto exchange ... (milawyersweekly.com)
- Gemini (cryptocurrency exchange) - Wikipedia (en.wikipedia.org)
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