Trending Now - Gemini's Revenue Surges 42% as Winklevosses Inject $100M

WHO:

CNBC - Gemini is founded and led by the Winklevoss brothers, Tyler and Cameron Winklevoss.

WHAT:

CNBC - Gemini reported Q1 revenue of $50.3 million, which is a 42% increase year-over-year.

CNBC - The reported revenue exceeded the estimated $47.9 million.

Bloomberg Markets - The Winklevoss brothers made a $100 million "strategic investment" into Gemini.

CNBC - Shares of GEMI surged over 22% in after-hours trading following the announcement.

WHERE:

Bloomberg Markets - The investment is related to Gemini Space Station Inc., a crypto exchange.

WHEN:

Bloomberg Markets - The investment and revenue report pertain to the first quarter of the year.

WHY:

Bloomberg Markets - The investment is described as a "strategic investment" aimed at supporting the money-losing crypto exchange.

HOW:

CNBC - The capital injection of $100 million was made by the Winklevoss Capital Fund.

(UPDATED May 15, 2026 01:36 UTC)

Gemini, the crypto exchange founded and led by the Winklevoss brothers, Tyler and Cameron, has reported a first-quarter revenue of $50.3 million, marking a 42% increase year-over-year and surpassing estimates of $47.9 million. In a move to support the money-losing exchange, the Winklevoss brothers made a $100 million strategic investment through the Winklevoss Capital Fund, which has led to a surge of over 22% in GEMI shares during after-hours trading. This investment is linked to Gemini Space Station Inc., highlighting the brothers' commitment to bolstering their venture in the competitive crypto market.