Billionaire twins invest $100 million in Gemini exchange
2026-05-14 23:29
Odaily Planet Daily News: Gemini Space Station Inc. founders, billionaire twins Tyler Winklevoss and Cameron Winklevoss, have made a $100 million strategic investment in their struggling cryptocurrency exchange, Gemini.
According to reports, Winklevoss Capital Fund LLC injected funds into the company at $14 per share, with the transaction consideration paid in Bitcoin. Gemini's stock closed at $5.26 on Thursday, rising about 15% in after-hours trading, but its cumulative decline over the past year still exceeds 80%.
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