TechFlow News, May 15: According to Bloomberg, Tyler Winklevoss and Cameron Winklevoss have made a $100 million strategic investment in New York-based cryptocurrency exchange Gemini Space Station Inc. through Winklevoss Capital Fund. The investment is priced at $14 per share for Class A common stock, with payment made in Bitcoin. Following this announcement, the company’s stock rose approximately 15% after hours. As of Thursday’s close, its share price stood at $5.26, representing a decline of over 80% in the past year.
Gemini’s net loss narrowed to $109 million in Q1, down from $149 million in the same period last year; revenue increased 42% to $50 million, driven primarily by income from services such as credit card payments. CEO Tyler Winklevoss stated that the market has severely undervalued Gemini, and this investment will help accelerate the company’s transformation from a crypto-focused firm into a broader market infrastructure company. Gemini went public in September 2025, shortly before the crypto market began its downturn.
