Cameron and Tyler Winklevoss made their boldest statement yet about the future of the Gemini space station: a $100 million strategic investment in their own company, funded not with cash but with bitcoin.
the advertisementcoupled with a first-quarter earnings report that showed revenue growth of 42% year over year, sent GEMI shares up more than 20% in after-hours trading Thursday night.
Gemini (NASDAQ: GEMI) reported total revenues of $50.3 million for the quarter ended March 31, 2026, driven by higher services and OTC revenues. Services and interest income jumped 122% to $24.5 million, while credit card revenue rose 300% to $14.7 million. The net loss narrowed to $109 million, an improvement from the $141 million loss recorded in the same quarter in 2025. Shares closed at $5.26 on Wednesday before the earnings announcement, then reached $6.33 in extended trading — representing a gain of more than 20%.
Shares rose more than 30% this morning before leveling off at the time of writing. However, the main step was Bitcoin-denominated investment. The Winklevoss Capital Fund bought 7.1 million shares at $14 per share — nearly three times the stock’s recent market price of about $4.92.
Tyler Winklevoss, CEO of the company, He said In a statement: “We believe that the market has significantly undervalued Gemini, and that this investment will allow us to prepare the company for its next phase of growth.”
The entry price of $14, paid in bitcoin, indicates the twins’ conviction that both the company and the leading digital asset have room to run.
Bitcoin itself has It traded in a narrow range this weekwith the coin closing at $81,051 on May 14 and hovering around $80,000 over the previous several sessions. This stabilization comes after a painful stretch earlier this year – during which Bitcoin collapsed more than 40% since October 2025. summit From $126,000 to a low near $60,000 in February — a decline that rocked Gemini’s exchange business and caused trading volumes to fall to $6.3 billion in the first quarter from $13.5 billion a year earlier.
Difficult months for Gemini
The Winklevoss twins, along with the blockchain analytics company Arkham, were caught up in the sell-off mark He transferred $130 million worth of Bitcoin to Gemini in March, which was widely interpreted as a sell-off. They later withdrew funds, withdrawing $42.77 million worth of bitcoin from the exchange in April, indicating that they were rebuilding their position as prices stabilized.
These profits come after months of turmoil in the stock market. In February Gemini He cuts 25% of its global workforce left the UK, EU and Australian markets, losing its COO, CFO and Legal Director in one week.
Those events sparked a wave of shareholder class action lawsuits claim The company misled investors in its September 2025 IPO — priced at $28 per share and initially trading as high as $45.89 — about its true financial health. At one point the stock fell below $5, a decline of more than 89% from that peak.
The regulation win gave the Bulls ammunition. In April, Gemini received a Derivatives Clearinghouse license from the Commodity Futures Trading Commission (CFTC), opening the door to futures, options and broader market strategy. Cameron Winklevoss, the company’s president, framed the licensing phase as central to Gemini’s ambition to “evolve from a cryptocurrency company to a markets company.”
