$100M Bitcoin Bet: Winklevoss Twins Boost Gemini Stock 20%+
By John Nada·May 17, 2026·2 min read
Winklevoss twins invest $100M in Gemini using Bitcoin, boosting shares 20%. Their bold bet underscores faith amidst market turbulence.
The Winklevoss twins, Cameron and Tyler, just shook up the scene with a $100 million bet on Gemini Space Station, paid in Bitcoin. As if the market needed another jolt, GEMI shares soared over 20% in after-hours trading following this bold move. According to Bitcoin Magazine, this investment wasn't your everyday cash infusion; it was a strategic play with Bitcoin as the currency of choice. The twins' confidence in both their company and Bitcoin is palpable.
Gemini's first-quarter earnings report showed a 42% year-over-year revenue growth, pushing the stock to close at $6.33 in extended trading, up from $5.26 the previous day. The narrative here is stark: despite a rough patch, including trading volumes plummeting to $6.3 billion, the company is clawing back. Services and interest income skyrocketed by 122%, while credit card revenue surged by 300%—factors driving the upturn.
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Yet, this isn't just about numbers. Tyler Winklevoss, the CEO, sees the market as undervaluing Gemini. The $14 per share price, nearly triple its recent market value, signals a fierce belief in the firm’s potential. But this isn't blind faith. It's a calculated risk entwined with Bitcoin's slow resurgence after a harrowing 40% drop earlier this year.
The backdrop? A turbulent few months for Gemini. February saw the company trimming 25% of its workforce and facing a slew of shareholder lawsuits. Accusations of misleading investors during its September 2025 IPO loomed large, especially as the stock price nosedived from its peak of $45.89 to below $5. However, a regulatory win in April—securing a Derivatives Clearing Organization license from the CFTC—offered a glimmer of hope.
Cameron Winklevoss framed this milestone as pivotal for Gemini’s ambition to transform beyond a crypto company into a broader markets entity. This path is fraught with challenges, yet the twins are betting big, with Bitcoin at the helm, to navigate Gemini into its next chapter. And so the story continues.