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Gemini surges after Winklevoss Capital Fund invests $100 million in the crypto exchange
Gemini Space Station, the crypto exchange founded and led by the Winklevoss brothers, saw shares surge in extended trading after it announced a $100 million capital injection from Winklevoss Capital Fund, the crypto billionaires' venture capital fund. The fund bought shares of the company's Class A common stock at $14 each, paid in bitcoin. The announcement came as part of the company's first-quarter financial update. Shares initially popped about 30% and were last higher by 17%. "We believe the market has significantly undervalued Gemini, and that this investment will allow us to set up the company for its next phase ... (full story)
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