“Shares of Gemini Rose Sharply On Their First Day of Trading, As The Winklevoss Brothers Doubled Down on Their Bullish Long-Term Outlook for Bitcoin.”, – WRITE: www.coindesk.com
The Company ITS IPO Late Thursday at $ 28 A Share, Valuing Gemini at About $ 3.3 Billion Began. That price was about the Revised $ 24 to $ 26 Range It Set Earlier in the Week and Well Above the Initial $ 17 to $ 19 Range. The Offering Covered 15.2 Million Shares.
On Friday, The Stock Orated At $ 37.01, A 32% Premium to The Offer Price. Shares Climbed As High As $ 45.89 Durying Intrady Trading Before Setting at $ 32, Still 14% Above The IPO Level by the Close.
Gemini, Headquarred in New York, Operates A Suite of Crypto Services Including A Spot Exchange, Custody Solutions for Institutions, A US Dollar-Backed StableCoin, A CRYPTOIN Products. As of the end of july, the company Held more than $ 21 Billion of Assets on Its Platform. Filings Show Gemini Lost $ 159 Million in 2024 and $ 283 Million in The First Half of 2025.
The Winklevoss Brothers, Who Became The First Bitcoin Billionaires After Early Investments in the Cryptocurrency, Appeared on Cnbc’s “Squawk Box” On the Morning of the IPO. Tyler Winklevoss Described Bitcoin as “Gold 2.0” and SAID ADOPTION REMAINS IN THE “FIRST INNING.” He and his brother -projected that bitcoin Could Reach $ 1 Million Within the Next Decade.
Gemini’s Listing Follows Tse of Coinbase (Coin) in April 2021 and Bullish (BLSH), WHICH OWNS COINDESK, LAST MONT.
CPI Surprises to the Upside While Cracks Widen in US Labor Market; Bitcoin Climbs as the Dollar Weakens and Bond Yields Fall.
- Headline Cpi Rose 0.4% MOM VS. 0.3% expectoed; Jobless Claims and Major Job- Creation Data Revisions Signal Mounting Labor Market Stress.
- Bitcoin Holds Higher Lows, Approaching The CME GAP NEAR $ 117,300
- The 200-Day MOVING AVERAGE CLIMBS TO $ 102,000 as Short-Term Holder Cost Basis Hits an All-Time High.
Read Full Story