Svmuu News: Gemini Space Station Inc. founders, billionaire twins Tyler Winklevoss and Cameron Winklevoss, have made a strategic investment of $100 million in their struggling cryptocurrency exchange, Gemini.
According to reports, Winklevoss Capital Fund LLC injected capital into the company at a price of $14 per share, with the transaction consideration paid in Bitcoin. Gemini's stock closed at $5.26 on Thursday, rising about 15% in after-hours trading, but still accumulated a decline of over 80% over the past year.