POPA ReconGemini Lands $100M Bitcoin-Funded Investment
Gemini Lands $100M Bitcoin-Funded Investment Gemini secured a $100M strategic investment from Winklevoss Capital Fund as it continues reshaping its business beyond exchange-driven revenue. The fund bought Class A common stock at $14 per share and completed the deal in Bitcoin. The backing came alongside the company’s first-quarter results, which showed revenue of $50.3 million, above the $47.9 million expected by analysts. Net loss also came in lighter than forecast at $0.93 per share versus the anticipated $1.03. While exchange revenue declined 27% year-over-year to $17.2 million, credit…
The excerpt is quoted from a public Telegram channel, which owns its text.