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

Scarcity Meets Momentum - Ad

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

The AI Blind Spot in Banking - Ad

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.

Elon Musk's $1 Trillion Pay Package Is 'A Little Bit Weird' To Compare Monetarily, Says Tesla Board Chair: It's About 'Voting Influence'

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.

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.

FBI Alerts Public on 'Phantom Hacker' Scam That Has Drained Billions From Bank Accounts

The FBI has issued a warning about a sophisticated multi-phase scam known as the "Phantom Hacker."

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.

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.

Trump Admin Pushes G7, EU To Slap Tariffs On China And India Over Russian Oil Purchase To 'End The Senseless Killing' In Ukraine

The U.S. is pressing G7 and EU allies to impose tariffs on China and India for buying Russian oil, while Trump's trade war policies have driven tariff revenues to a record $30 billion in August.

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.

"Tech Prophet" Who Predicted the iPhone Now Predicts...

"Tech Prophet" Who Predicted the iPhone Now Predicts... - Ad

George Gilder - who predicted the iPhone 17 years early and gave Reagan the first microchip - is making his boldest call yet. He says an American nanotech "super-convergence" could mint more millionaires than any event in recent memory. He's found 3 stocks set to benefit before Oct 16's bombshell.

Opendoor, Super Micro, Adobe, Tesla And Rezolve AI: Why These 5 Stocks Are On Investors' Radars Today

The S&P 500 gained 0.85% to close at 6,587.47, the Nasdaq advanced 0.72% to 22,043.07, and the Dow surged 1.36% to 46,108.

FDA Approves Hypertension Alerts On Apple Watch, iPhone Air's Chinese Launch Delayed And More: This Week In Appleverse

Apple received FDA approval for hypertension alerts on the Apple Watch Ultra 3, delayed the iPhone Air's Chinese launch, and faced a dip in App Store revenue growth.

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.

Bitcoin, Ethereum, XRP, Dogecoin Slip Ahead Of Fed Rate Cut Decision: Analyst Predicts 'Short-Term Dip' For ETH Before $10,000 Move

Leading cryptocurrencies fell on Sunday, while stock futures rose, as investors awaited the Federal Reserve’s decision on rate cuts.

Big Tech's energy-hungry data centers could be bumped off grids during power emergencies

HARRISBURG, Pa. (AP) — With the explosive growth of Big Tech's data centers threatening to overload U.S. electricity grids, policymakers are taking a hard look at a tough-love solution: bumping the energy-hungry data centers off grids during power emergencies.

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.

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.

FAA seeks $3.1 million in fines from Boeing over safety violations, 2024 midair panel blowout

The Federal Aviation Administration is seeking $3.1 million in fines from Boeing over safety violations, including ones related to an Alaska Airlines jetliner losing a door plug panel on its fuselage in midflight.

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.

South Korean workers released after days of detention in Georgia return home

INCHEON, South Korea (AP) — A plane carrying more than 300 South Korean workers after days of detention in Georgia landed in South Korea on Friday.

Elon Musk in line for $1 trillion pay package if Tesla hits aggressive goals over next 10 years

could be in line for a payout of $1 trillion if his electric car company meets a series of extremely aggressive targets over the next 10 years, according to documents released by the company.

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.

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

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.

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.

BrilliA Inc Soars Over 87% After Hours Following Cash Dividend Announcement

BrilliA Inc. shares soared 86.73% in after-hours trading Wednesday after announcing a cash dividend.

Redwire Expands With New Space Defense Facility In Albuquerque

Redwire Corp (RDW) shares rose after announcing the opening of a 15,000 sq ft facility in Albuquerque to accelerate development of space-based defense systems.

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.

Trump Administration Presses Appeals Court To Oust Fed Governor Lisa Cook Before Key FOMC Meeting

The Trump administration on Thursday urged the Federal Appeals Court to allow the firing of Federal Reserve Governor Lisa Cook to take effect before the central bank's interest rate-setting meeting next week.

Trump Family-Backed World Liberty Financial Token Crashes After Initial Rise On First Trading Day

The newly tradeable World Liberty Financial (WLFI) token derailed after the initial flourish on Monday.

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.

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.

Murdoch Family Succession Battle Settled: Fox News Will Stay Conservative

The Murdoch family's succession battle has ended, with Lachlan Murdoch cemented as the new leader of Rupert Murdoch's vast media empire.

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.

A preliminary report on Lisbon's streetcar tragedy is expected Friday

LISBON, Portugal (AP) — Details started to emerge about the people who were killed when a derailed, as the first investigative report examining what caused the popular Lisbon tourist attraction to crash was expected to be released Friday.

New York City's Wealthiest Neighborhoods Witness 60% Rent Surge Since Pandemic

House rental rates in some of the wealthiest neighborhoods of New York City have surged by over 60% since the COVID-19 pandemic began, putting even high-income earners in a tight spot.

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

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

Eric Jackson Taps Drake For Celebrity Marketing To Fuel Opendoor's Growth Following Leadership Overhaul

Eric Jackson's strategy for Opendoor includes leveraging celebrity marketing, with Canadian rapper Drake promoting the company to his followers.

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.

"Tech Prophet" Who Predicted the iPhone Now Predicts...

"Tech Prophet" Who Predicted the iPhone Now Predicts... - Ad

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.

Trending Now