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<h2 id="winklevoss-capital-backs-gemini-with-100m-bitcoin-investment">Winklevoss Capital Backs Gemini with $100M Bitcoin Investment</h2>
<p><a href="https://x.com/Gemini" rel="noopener noreferrer nofollow">@Gemini</a> reported its first-quarter 2026 financial results on Thursday alongside a significant vote of confidence from its founders. <a href="https://x.com/winklevosscap" rel="noopener noreferrer nofollow">@winklevosscap</a> has made a $100 million strategic investment in the company, <cite>at a price of $14 per share via a private placement.</cite><cite>The deal exchanged 7,142,857 Class A shares for bitcoin, with proceeds earmarked to support product development, strategic initiatives, and general corporate purposes.</cite></p>
<p><a href="https://x.com/tyler" rel="noopener noreferrer nofollow">@tyler</a>, CEO of Gemini, framed the move as a long-term conviction bet. <cite>"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.</cite> Cameron Winklevoss, President of Gemini, pointed to recent regulatory progress as part of the broader ambition. <cite>"In April, we received our DCO license from the CFTC, which marks a major milestone in our marketplace expansion. In addition to our crypto spot marketplace, Gemini now has taken the next step towards building a full-stack, end-to-end marketplace for predictions as well as futures, options, and more."</cite></p>
<h2 id="revenue-climbs-42-but-losses-remain">Revenue Climbs 42% but Losses Remain</h2>
<p><cite>Gemini reported Q1 2026 total revenue of $50.3 million, up 42% year-over-year, driven by services and OTC growth, while transaction revenue held at $24.1 million and exchange revenue fell 27% to $17.2 million amid lower spot volumes.</cite><cite>Services revenue and interest income rose 122% to $24.5 million, accounting for 49% of total revenue, up from 31% in the year-earlier quarter.</cite><cite>Credit card revenue increased nearly 300% year-over-year to $14.7 million, driven by significant growth in the Gemini Credit Card user base, with approximately 13,100 new sign-ups in Q1 2026, more than double the approximately 6,000 in Q1 2025.</cite></p>
<p><cite>Gemini recorded a Q1 2026 net loss of $109.0 million, improving from $149.3 million a year earlier.</cite><cite>Assets on Platform were $11.1 billion as of March 31, 2026, compared to $14.2 billion at March 31, 2025, reflecting lower crypto asset valuations relative to the elevated market levels in the prior year period.</cite></p>
<p>The investment arrives after a turbulent stretch for the company. <cite>Bloomberg reported that Gemini had lost more than half its market value in 2026, cut 30% of its workforce, and exited markets including the UK, EU, and Australia.</cite><cite>Gemini's shares have been volatile since its September 2025 IPO, which was priced at $28, opened above $37, and closed its first day around $32.</cite> The stock had since fallen to roughly $4.36 before Thursday's announcement. <cite>Following the news, GEMI gained 15.75%, reflecting a significant positive market reaction.</cite></p>
<p><strong>Sources:</strong><br><a href="https://www.stocktitan.net/news/GEMI/gemini-reports-first-quarter-2026-results-and-announces-100-million-9tu7fgyx69u2.html" rel="noopener noreferrer nofollow">Gemini Q1 2026 Results and $100M Investment (Stock Titan / Globe Newswire)</a><br><a href="https://blockspace.media/insight/gemini-reports-q1-revenue-bitcoin-investment/" rel="noopener noreferrer nofollow">Gemini Reports Q1 Revenue Up 42%, Announces $100M Investment Paid in Bitcoin (Blockspace)</a><br><a href="https://www.coindesk.com/markets/2026/04/15/winklevoss-capital-moves-usd43-million-in-bitcoin-to-custody-after-hitting-lowest-balance-since-2012" rel="noopener noreferrer nofollow">Winklevoss Capital Bitcoin Moves and Gemini Background (CoinDesk)</a></p>

Winklevoss Capital Invests $100m In Gemini At $14 Per Share, Paid In Bitcoin

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