Winklevoss’ Gemini jumps 25% on $100 million bitcoin infusion despite deepening losses
Gemini surged 25% after securing $100 million in Bitcoin funding from the Winklevoss twins, despite posting $109 million net losses. Revenue jumped 42% YoY to $50.3 million, trimming losses by 27%. The capital injection signals confidence in the exchange's recovery amid crypto market volatility, though profitability remains distant for Indian investors monitoring major exchange stability.
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