NewsBTC
Sep 12, 2025
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Gemini Stock Surges 40% on Nasdaq Debut, Raises $425 Million

The cryptocurrency exchange Gemini, founded by Tyler and Cameron Winklevoss, experienced a nearly 40% increase following its IPO on Nasdaq, raising $425 million.

Key Points of Gemini's IPO

  • Gemini's IPO was priced above the anticipated range, positioning the company at approximately $3.3 billion before trading began.
  • The company reported financial losses: $159 million in 2024 and $283 million in the first half of this year.
  • The Winklevoss twins predict Bitcoin could reach $1 million within the next decade.

GEMI Stock Performance

  • GEMI opened at $37.01, exceeding the IPO price of $28, reaching a high of $45.74, and currently valued at $34.
  • The Winklevoss brothers have amassed over $2 billion in crypto assets, primarily in BTC.
  • The debut follows that of other crypto firms like Circle and Bullish, which also went public this year.

Gemini