Winklevoss Twins' Gemini Hits $4.4 Billion Valuation In Strong Nasdaq Debut

Mohd Haider

September 13, 2025

Shares of Gemini Space Station Inc. (NASDAQ:GEMI) surged 32.2% during their first day of trading on Friday, bringing the cryptocurrency exchange’s total value to $4.4 billion and signaling a renewed interest from investors in digital assets.

Check out the current price of GEMI stock here.

Strong Market Opening Above IPO Price

The company's shares debuted at $37.01, significantly higher than the initial public offering price of $28. Gemini raised $425 million by selling around 15.2 million shares, according to a Reuters report. The initial price range for the offering was set at $24-$26 per share but was raised due to high investor demand.

Crypto IPO Wave Drives Market Recovery

Gemini’s debut marks the conclusion of a strong week for cryptocurrency companies in the U.S. IPO market. Blockchain lender Figure Technologies Inc. (NYSE:FIGR) also had a standout performance on Thursday, following the impressive debut of cryptocurrency exchange Bullish Global, whose shares more than doubled last month.

See Also: Palantir’s 100x Revenue Multiple ‘Inspired’ Billionaire Marc Benioff, Maybe CRM Is ‘Not Charging Enough,’ Says Salesforce CEO

“Gemini has chosen the perfect time to capitalize on the favorable environment,” said Jacob Zuller, analyst at Third Bridge, citing recent regulatory shifts from the pro-crypto Trump administration.

Winklevoss Brothers’ $2.8 Billion Stake

According to reports, billionaire twins Cameron and Tyler Winklevoss now own around 75 million shares of Bullish Global after its IPO, which are worth about $2.78 billion according to Securities and Exchange Commission filings.

Financial Performance and Outlook

Despite reporting a net loss of $282.5 million in the first quarter, up from $41.4 million year-over-year, institutional adoption continues driving trading volumes. Nasdaq‘s (NASDAQ:NDAQ) $50 million strategic investment earlier this week boosted investor confidence.

Gemini joins Coinbase Global Inc. (NASDAQ:COIN), Bullish (NYSE:BLSH), and Robinhood Markets Inc. (NASDAQ:HOOD) as publicly-listed digital asset exchanges serving U.S. investors.

Price Action: According to Benzinga Pro data, on Friday, the cryptocurrency exchange closed at $32.00, marking a 14.29% increase.

Read Next:

Tesla Faces Class Action Over ‘Wage Theft’ Amid Preference For H-1B Workers Following Elon Musk’s Push To Optimize Visa Practice

Photo Courtesy: Grey82 / Shutterstock.com

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Recommended

The AI Blind Spot in Banking - Ad

The $25M Contract Nobody Is Talking About - Ad

October 16 Changes the Microchip Game - and Investing - Ad

Tesla's board chair, Robyn Denholm, defended Elon Musk's $1 trillion compensation package, emphasizing its potential to drive unique performance despite recent sales struggles.

Qatar denounces Israel before major summit on Israel's attack in Doha targeting Hamas leaders

DUBAI, United Arab Emirates (AP) — Qatar's prime minister denounced Israel on Sunday as foreign ministers from Arab and Muslim nations met to discuss a possible unified targeting the leadership of the militant group Hamas.

The Next Palantir Moment Could Be Here

The Next Palantir Moment Could Be Here - Ad

A $21M market cap company is landing multimillion-dollar contracts with banks and governments. With only 9.7M shares in the float, scarcity could spark explosive moves.

Donald Trump Calls For Soros To Be Imprisoned: 'He's A Bad Guy'

President Trump has advocated for the imprisonment of billionaire Democratic donor George Soros.

Scott Bessent Meets BlackRock's Rick Rieder As Trump Eyes Fed Chair Replacement For Jerome Powell: Report

Scott Bessent is interviewing candidates to replace Jerome Powell as Federal Reserve Chair by May 2026, with BlackRock's Rick Rieder among those being considered.

Is This Elon's Worst Nightmare?

Is This Elon's Worst Nightmare? - Ad

Elon's empire looks doomed - crashing sales, lost tax credits, and media backlash. But behind the scenes, Tesla is about to unleash a breakthrough Forbes calls a "multi-trillion-dollar opportunity." It's not the end - it's the start of a 25,000% AI comeback.

Trump's Immigration Policies Could 'Shrink' GDP Growth As US Population Projected To Decline, Warns CBO

The U.S. population growth is expected to decline at a faster rate than previously projected due to President Donald Trump's immigration policies, according to the Congressional Budget Office (CBO).

Elizabeth Warren Explodes Over News Of Paramount Skydance's Planned Bid For Warner Bros. Discovery: Links Trump To 'Dangerous Concentration Of Power'

U.S. Senator Elizabeth Warren blasted Paramount Skydance's reported bid for Warner Bros. Discovery, calling it a "dangerous concentration of power" tied to past Trump-era approvals, even as shares of both media companies surged on the takeover speculation.

The Roadmap to $100M+ Revenue

The Roadmap to $100M+ Revenue - Ad

Recurring deals, Tier-1 banks, and expansion into new markets put this company on track to triple revenue by 2026. Yet the market cap is still just $21M.

Takeaways from a hunt for 'secret' fresh water under the North Atlantic seabed

ABOARD LIFTBOAT ROBERT, North Atlantic (AP) — It turns out the Continental Shelf has been holding a secret from the ages. Beneath the sea floor off the U.S. northeast lies an enormous reserve of fresh water whose existence was long unknown, then was suspected and now is confirmed.

SoFi Bets Big On AI With First ETF Launch In Two Years

SoFi re-enters the ETF market with its Agentic AI fund, targeting next-gen AI leaders from Nvidia to Deere amid a crowded thematic investing space.

Scarcity Meets Momentum

Scarcity Meets Momentum - Ad

With insiders and institutions holding most of the float, just 9.7M shares are truly available. New contracts could ignite moves that Wall Street can't ignore.

US firm agrees $500 million investment deal with Pakistan for critical minerals

ISLAMABAD (AP) — A U.S. metals company signed a $500 million investment deal with Pakistan on Monday.

Trump's Tariffs, Wall Street's Fear Gauge And A Veteran Economist's Dire Warning: This Week In Economy

Markets kicked off September on shaky ground as tariffs, weak jobs data, and warnings of a global collapse rattled investor confidence and fueled volatility.

This Gold Miner Has the Map, the Metal, and the Momentum

This Gold Miner Has the Map, the Metal, and the Momentum - Ad

JPMorgan is forecasting that gold will push past $4,000, and this Nevada operation is positioned to benefit. Historical estimates show its property could hold around 1.8 million ounces of measured and indicated gold, backed by infrastructure and billionaire investors. The company's already producing, refining gold onsite and looking to expand. That's not a dream-stage story-that's a head start.

South Korea president says Korean companies will hesitate to invest in US without better visa system

SEOUL, South Korea (AP) — South Korea’s president said Thursday that South Korean companies will likely hesitate to maintain or make direct investments in the United States if the U.S. fails to for Korean workers.

Why GameStop Shares Are Spiking After-Hours

GameStop Corp. (NYSE:GME) shares surged 5.72% during after-hours trading to $24.94 following strong second-quarter earnings and a special dividend announcemen

Analysts Project This Stock Could Jump to $14 a Share. You Can Still Invest for $3.50.

Analysts Project This Stock Could Jump to $14 a Share. You Can Still Invest for $3.50. - Ad

The AI company making heart disease easier to detect is offering investors $3.50 investment units that include one convertible preferred share and one warrant, providing investors with access to 2 common shares. Based on analyst 1- year projections, that amounts to a near-term 500% return potential.

Ukrainian Drone Sparks Blazes Just Miles From Putin's Mysterious $1.5B Black Sea Palace

A Ukrainian drone strike has ignited widespread forest fires in close proximity to Russian President Vladimir Putin's opulent Black Sea residence, colloquially known as "Putin's Palace".

US official sees Greece as hub to boost American natural gas exports

ATHENS, Greece (AP) — A U.S. Cabinet official overseeing a planned expansion of natural gas exports to Europe said Thursday that could play a key role through its pipeline system that extends across the region.

From Ore to Gold Bars-This Nevada Mine Is Already Producing

From Ore to Gold Bars-This Nevada Mine Is Already Producing - Ad

Most juniors explore...Few actually produce. This one's already pouring gold thanks to infrastructure that would cost tens of millions to build today. With major land holdings and room to scale, it's one to watch. Discover the little known gold company that's already producing.

US media quickly forced to revisit a thorny question: How should a president's health be covered?

Early in Donald Trump's Tuesday, Fox News' Peter Doocy asked a question that surely baffled people who avoided social media for Labor Day.

Macron Warns World Will Know By Monday If Putin 'Played' Trump Again

French President Emmanuel Macron has voiced apprehensions about Vladimir Putin potentially manipulating President Trump.

The AI Blind Spot in Banking

The AI Blind Spot in Banking - Ad

Banks thought AI would solve compliance. Instead, it's made the problem worse. One breakthrough platform is cutting costs in half while securing every flow.

Trump Tariffs Face Legal Reckoning As Supreme Court Grants Expedited Hearing

The Supreme Court has agreed to weigh in on the legality of former President Donald Trump's use of emergency powers to impose tariffs on a broad range of imported goods from across several nations, setting the stage for a major ruling on Presidential powers.

Gold's Best Year Since 1978—What's Driving The Relentless Rally?

Gold has surged 37% in 2025, topping $3,500 an ounce. Discover what's driving the rally, from Fed politics to central bank buying.

The $25M Contract Nobody Is Talking About

The $25M Contract Nobody Is Talking About - Ad

One deal alone covers the entire valuation of this overlooked stock. And more contracts are already stacking up in Europe and the US.

Hillary Clinton Says Trump Administration Is 'Going Great' For The President, Shares Accusations Of Crypto Corruption

Former Secretary of State Hillary Clinton took a dig at President Donald Trump on Tuesday, September 9, for using his office for personal gains.

Don't look now, but there's an AI-generated Italian teacup on your child's phone. What does it mean?

In the first half of 2025, she racked up over 55 million views on TikTok and 4 million likes, mostly from tweens glued to their cellphones. Not bad for an AI-generated cartoon ballerina with a cappuccino teacup for a head.

October 16 Changes the Microchip Game - and Investing

October 16 Changes the Microchip Game - and Investing - Ad

George Gilder-dubbed "America's #1 Futurist"-says while everyone's chasing AI, the real opportunity is in a 4-nanometer tech millions of times more complex. It's not another chip - it replaces them. Now built in Arizona, Gilder says 3 companies tied to this "super-convergence" could soar.

Alibaba Plans To Raise $3.2 Billion Through Convertible Bond As It Doubles Down On Cloud Expansion And $53 Billion AI Investment Drive

Alibaba will raise $3.2 billion through a convertible bond to expand its cloud infrastructure and support a $53 billion AI investment plan, while also boosting international e-commerce growth.

Poland Shoots Down Russian Drones, First Direct NATO-Russia Clash Since Ukraine War Began

Poland's armed forces intercepted and shot down Russian drone-type objects in its airspace on Wednesday morning.

The Next Palantir Moment Could Be Here

The Next Palantir Moment Could Be Here - Ad

A $21M market cap company is landing multimillion-dollar contracts with banks and governments. With only 9.7M shares in the float, scarcity could spark explosive moves.

Home Depot stores, long a hub for day laborers, now draw immigration agents out on raids

LOS ANGELES (AP) — At a Home Depot parking lot, a man patrols on a bicycle for federal immigration agents, toting a megaphone on his hip so he can blast a warning to day laborers waiting to land a landscaping or construction job.

Asian shares are mostly up after US stocks inch to more records as inflation slows and Oracle soars

MANILA, Philippines (AP) — Asian shares were mostly higher Thursday, buoyed by gains of tech-related stocks after Wall Street inched to more records following a surprisingly encouraging report on inflation and a stunning forecast for growth from Oracle because of the boom.

Is This Elon's Worst Nightmare?

Is This Elon's Worst Nightmare? - Ad

Steve Jobs Says Smart People Excel At This When Learning New Things, Science Shows He Had A Point

Steve Jobs believed in connecting dots, supported by neuroscience. Intelligence is seeing the whole thing, not just being book-smart. Others like Bezos and Buffett also value learning and open-mindedness.

Opendoor's New CEO Could Spark 'Bigger Pivot'—Analyst Sees Bottom-Line Boost

Opendoor stock is soaring after a new CEO was announced and two co-founders are rejoining the company. Here's what one analyst has to say.

The Roadmap to $100M+ Revenue

The Roadmap to $100M+ Revenue - Ad

Recurring deals, Tier-1 banks, and expansion into new markets put this company on track to triple revenue by 2026. Yet the market cap is still just $21M.

Jim Cramer Expects Palantir To Reach New All-Time High

Market analysts and financial commentators provide crucial guidance in the volatile investment landscape. Cramer says no to VKTX, but expects PLTR to go up.

Trending Now