Gemini shares rise as Winklevoss twins invest 100 million
Gemini Space Station shares rose more than 20% after founders Cameron and Tyler Winklevoss provided a $100 million investment. The cryptocurrency exchange also reported a smaller than expected quarterly loss as revenue grew 42%.
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Gemini Space Station Inc-A shares rose 20% in Friday premarket trading after reporting a narrower quarterly loss and a $100 million capital injection. The investment from Winklevoss Capital Fund was priced at $14 per share, paid in bitcoin, following a Thursday close of $5.26. Net loss per share reached $0.93 for the quarter ended March 31, beating the $1.03 loss analysts expected.
