Gemini surges on strong Q1 revenue growth, $100 mln investment

Gemini Space Station

15/05/2026 11:08

** Shares of crypto platform Gemini Space Station GEMI.O founded by billionaire twins Tyler and Cameron Winklevoss, jump 19.7% to $6.30 premarket

** GEMI late Thursday reported $50.3 million in Q1 revenue, up 42% YoY, driven by strong services and OTC growth

** Announced $100 million strategic investment from Winklevoss Capital Fund at $14 / share of the company’s Class A common stock, with consideration paid in bitcoin

** Winklevoss Capital, controlled by the twins, invests in early stage startups.

** "We believe the market has significantly undervalued Gemini, and that this investment will allow us to set up the company for its next phase of growth," said Tyler Winklevoss, CEO of Gemini

** Three of 10 analysts rate stock "buy", six "hold" and one "strong sell"; their median PT is $6.50 - data compiled by LSEG

** As of last close, stock down 46.9% YTD

 (Reporting by Pragyan Kalita in Bengaluru)

 ((Pragyan.Kalita@thomsonreuters.com;))