Winklevoss-founded Gemini shares surge after founders' $100 million lifeline - Reuters

<a href="https://news.google.com/rss/articles/CBMiygFBVV95cUxNVUh4d0g2VFliVTk4bjBGX0ZJOFNpampSeE1pSkNFOVhpM29zSWtENmFTMHFZc0gwazd6TTNKbnFfdzRtaU04VnotWk5nRFNkck92OWctYlhxRnVnMm5KYkhyVkNnYVhELVE0OU1Ld2hBOXRJcnZmZHBqZ01vSzF5WkVhQ2EtaDdQRm1qUWhsMENqdGUyRDVydUEzcFIyU2Rja3FIY2xrZXpfWU5XTFhKRGxseTZqTHNLcXV4WjVuazNuWnJNOU1XcWJR?oc=5" target="_blank">Winklevoss-founded Gemini shares surge after founders' $100 million lifeline</a>&nbsp;&nbsp;<font color="#6f6f6f">Reuters</font>

Gemini Space Station shares surged over 20% in premarket trading after the cryptocurrency exchange reported a smaller-than-expected quarterly loss and its founders injected $100 million into the business.

Shares of Gemini Space Station jumped approximately 25% in after-hours trading following the company’s announcement of a $100 million strategic investment from Winklevoss Capital Fund, funded in bitcoin.

Gemini Space Station reported a net loss of $109 million for Q1 2026, an improvement from the previous year, and announced a $100 million strategic investment from Winklevoss Capital Fund at $14 per share, paid in bitcoin.

Gemini Space Station raised $100 million in a private placement with Winklevoss Capital Fund, issuing 7,142,857 Class A shares at $14.00 per share, paid in bitcoin, and amended its registration rights agreement to enhance future liquidity options.

Tyler and Cameron Winklevoss, founders of Gemini, invested $100 million in Bitcoin to purchase Class A shares at $14 each, with Gemini's stock closing at $5.26, rising approximately 15% in after-hours trading but still down more than 80% over the past year.