Cameron and Tyler Winklevoss spoke very boldly about the future of the Gemini Space Station: a 100 million dollar investment for their company, which is not paid in cash but in Bitcoin.
The to announcecombined with a first-quarter earnings report that showed 42% year-over-year revenue growth, sent GEMI shares up more than 20% in after-hours trading Thursday night.
Gemini (NASDAQ: GEMI ) reported net income of $50.3 million for the quarter ended March 31, 2026, driven by increased activity and OTC revenue. Service and interest increased 122% to $24.5 million, while credit card revenue increased 300% to $14.7 million. Net loss reached $109 million, an improvement from the $141 million loss recorded in the same quarter of 2025. Shares closed at $5.26 on Wednesday before the earnings release, then hit $6.33 in after-hours trading — representing a gain of more than 20%.
Shares were up more than 30% this morning before settling at the time of writing. The headline move, however, was Bitcoin currency. Winklevoss Capital Fund bought 7.1 million shares at $14 per share – nearly three times the current market price of $4.92.
Tyler Winklevoss, CEO of the company, he said in his words: “We believe that the market has undervalued Gemini, and that this investment will allow us to establish the company in the next phase of growth.”
The entry price of $ 14, which is given to Bitcoin, shows the conviction of the twins that the company and the digital asset have a chance to catch on.
Only Bitcoin has it sold a solid team this weekthe stock closed at $81,051 on May 14 and hovered around $80,000 in the previous several sessions. This stability comes after the injury earlier this year – BTC fell more than 40% since October 2025. tip of $126,000 down from around $60,000 in February – a drop that hurt Gemini’s sales and caused sales to drop to $6.3 billion in Q1 from $13.5 billion a year ago.
Gemini a few difficult months
Only the Winklevoss twins were caught in the selloff, by the blockchain analytics company Arkham to announce Bitcoin transfer of $130 million to Gemini in March, widely interpreted as a sale. They later withdrew funds, withdrawing $42.77 million in BTC from the platform in April, a sign that they are rebuilding their position as stable prices.
The earnings follow months of turmoil for the exchange. In February, Gemini to cut 25% of its global workforce, exited the UK, EU, and Australian markets, and lost its COO, CFO, and Chief Legal Officer in one week.
These events created a threat to the shared society to say the company misled investors in its September 2025 IPO – priced at $28 per share and initially trading as high as $45.89 – about its true financial position. Shares at one point fell below $5, down 89% from that peak.
One control win gave the cattle equipment. In April, Gemini received a Derivatives Clearing Organization license from the CFTC, opening the door to futures, options, and a broader market. Cameron Winklevoss, the company’s president, established the major part of the license as a key factor in Gemini’s quest “to go from a crypto company to a market company.”
