Gemini Receives $100 Million Investment From Winklevoss Twins, Reports Narrowing Losses -- WSJ

Dow Jones

May 15

By Vicky Ge Huang

Crypto exchange Gemini Space Station said on Thursday it has received a $100 million strategic investment from the family office of its founders, Cameron and Tyler Winklevoss.

Winklevoss Capital Fund purchased Gemini's Class A common stock at a price of $14 per share, with the payment made in bitcoin.

Shares of Gemini surged 14% in after-hours trading. The stock has lost about 84% of its value since peaking in September, when the company made its public debut on the Nasdaq. It closed at $5.26 Thursday.

Gemini also reported a net loss of $109 million, or 93 cents a share, in the first quarter, compared with a loss of $149.3 million during the same period a year ago. Revenue increased 42% to $50.3 million from $35.3 million in the year prior.

The company reported $400,000 in first-quarter revenue from its prediction-markets platform, which has attracted about 20,000 users since debuting in December.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

May 14, 2026 17:16 ET (21:16 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 14, 2026 17:16 ET (21:16 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GEMI","symbol_name":"Gemini Space Station, Inc.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2635972972","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2635972972","pubTimestamp":1778793360,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Crypto exchange Gemini Space Station said on Thursday it has received a $100 million strategic investment from the family office of its founders, Cameron and Tyler Winklevoss.Winklevoss Capital Fund purchased Gemini's Class A common stock at a price of $14 per share, with the payment made in bitcoin.Shares of Gemini surged 14% in after-hours trading. 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The full stream can be found b","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"GEMI":"Gemini Space Station, Inc.","BK4112":"金融交易所和数据","GEMG":"2倍做多GEMI ETF-Leverage Shares"},"translate_title":"Gemini获得Winklevoss Twins 1亿美元投资，亏损收窄——华尔街日报","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GEMG":0.6,"GEMI":0.9},"content_text":"By Vicky Ge Huang \n\n\n     Crypto exchange Gemini Space Station said on Thursday it has received a $100 million strategic investment from the family office of its founders, Cameron and Tyler Winklevoss. \n\n\n     Winklevoss Capital Fund purchased Gemini's Class A common stock at a price of $14 per share, with the payment made in bitcoin. \n\n\n     Shares of Gemini surged 14% in after-hours trading. The stock has lost about 84% of its value since peaking in September, when the company made its public debut on the Nasdaq. It closed at $5.26 Thursday. \n\n\n     Gemini also reported a net loss of $109 million, or 93 cents a share, in the first quarter, compared with a loss of $149.3 million during the same period a year ago. Revenue increased 42% to $50.3 million from $35.3 million in the year prior. \n\n\n     The company reported $400,000 in first-quarter revenue from its prediction-markets platform, which has attracted about 20,000 users since debuting in December. \n\n\n       This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n\n\n  (END) Dow Jones Newswires\n\n\n  May 14, 2026 17:16 ET (21:16 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}