Gemini jumps on report buyers eyeing parts of firm

Gemini Space Station

09/04/2026 18:32

** Shares of Gemini GEMI.O, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, jump as much as 15%, last up 8% at $4.85

** Potential buyers are evaluating an acquisition of parts of Gemini, CoinDesk reports, citing a person with direct knowledge of the matter

** They are interested in buying GEMI's now-shuttered operations in Europe and the U.K. to obtain regulatory licenses in these jurisdictions and are not interested in a full takeover, the report added

** In February, GEMI announced it would wind down most of its international operations to accelerate its path to profitability

** Later that month, GEMI shook up its top leadership, parting ways with its chief operating officer, chief financial officer and chief legal officer

** 3 of 10 brokerages rate the stock "buy" or higher, 6 "hold" and 1 "strong sell"; median PT $8.50 - data compiled by LSEG

** As of last close, GEMI down 54.8% YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))