Gemini Shares Rise After Founders' $100M Investment
Shares of cryptocurrency exchange Gemini surged over 20% in premarket trading after the company reported a smaller-than-expected quarterly loss and received a $100 million investment from its founders. The injection, made at $14 per share with payment in bitcoin by Winklevoss Capital Fund, helped offset concerns about underperformance.
Topics: cryptocurrency founder investment ipo performance share price surge