Gemini Space Station Stock Jumps After Winklevoss Twins’ $100 Million Bitcoin Bet
Shares of Gemini Space Station shot higher in Friday’s premarket after a fresh $100 million infusion from the Winklevoss twins’ family office—capital coming in at a premium to Thursday’s closing price. The founder-led deal arrives as the crypto exchange posted a narrower quarterly loss than analysts had been bracing for. Timing matters here. Gemini debuted on the market in September priced at $28, yet shares ended Thursday at just $5.26. The company has struggled to reassure investors after a rocky opening stretch as a public firm.