ChainCatcher report, according to Bloomberg, Gemini co-founders Tyler and Cameron Winklevoss made a $100 million "strategic investment" in the exchange, purchasing Class A common shares at $14 per share, with payment made in Bitcoin. The exchange's stock closed at $5.26 on Thursday, rising approximately 15% after hours, and has declined more than 80% over the past year. Gemini's first-quarter net loss narrowed to $109 million, compared to $149 million in the same period last year; revenue increased 42% to $50 million, primarily driven by income from services such as credit cards. CEO Tyler Winklevoss stated that the market has significantly undervalued Gemini, and this investment will help the company transition from a crypto company to a market company. Gemini went public in September 2025, shortly before the crypto market began its downturn.
The Winklevoss Brothers Invest $100M in Gemini with Bitcoin
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Summary
Bitcoin news emerged as Tyler and Cameron Winklevoss, founders of Gemini, invested $100 million in Bitcoin to purchase Class A shares at $14 each. Gemini’s stock closed at $5.26, rising approximately 15% in after-hours trading but still down more than 80% over the past year. The Q1 net loss narrowed to $10.9 million from $14.9 million, while revenue reached $50 million, a 42% increase driven by credit card services. Tyler stated that the market undervalues Gemini, and the investment will support its transition from a crypto-focused company to a broader financial services firm. The exchange went public in September 2025, just before the market declined. Bitcoin analysis suggests this move may signal long-term confidence in the company’s strategy.
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