TechFlow News, Could 15: Based on Bloomberg, Tyler Winklevoss and Cameron Winklevoss have made a $100 million strategic funding in New York-primarily based cryptocurrency exchange Gemini House Station Inc. by way of Winklevoss Capital Fund. The funding is priced at $14 per share for Class A standard inventory, with cost made in Bitcoin. Following this announcement, the corporate’s inventory rose roughly 15% after hours. As of Thursday’s shut, its share value stood at $5.26, representing a decline of over 80% in the previous yr.
Gemini’s internet loss narrowed to $109 million in Q1, down from $149 million in the identical interval final yr; income elevated 42% to $50 million, pushed primarily by earnings from providers equivalent to bank card funds. CEO Tyler Winklevoss said that the market has severely undervalued Gemini, and this funding will assist speed up the corporate’s transformation from a crypto-centered agency right into a broader market infrastructure firm. Gemini went public in September 2025, shortly earlier than the crypto market started its downturn.
