{"id":224576,"date":"2025-09-13T21:53:13","date_gmt":"2025-09-13T21:53:13","guid":{"rendered":"https:\/\/www.europesays.com\/us\/224576\/"},"modified":"2025-09-13T21:53:13","modified_gmt":"2025-09-13T21:53:13","slug":"gemini-stock-gemi-surges-14-on-ipo-debut-winklevoss-brothers-predict-1m-bitcoin","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/224576\/","title":{"rendered":"Gemini Stock ($GEMI) Surges 14% on IPO Debut; Winklevoss Brothers Predict $1M Bitcoin"},"content":{"rendered":"<p><a href=\"https:\/\/www.google.com\/aclk?sa=L&amp;ai=DChsSEwi5xNaS09WPAxWblIMHHZXtNmMYACICCAEQABoCZWY&amp;co=1&amp;ase=2&amp;gclid=Cj0KCQjwrJTGBhCbARIsANFBfgsp8Xc-mIPFPYxMxZt-6ByMEEQ5wM6NR_yOPitfdy_DfhQTsrHVDIEaAqmREALw_wcB&amp;ei=flfFaOfuNZe1i-gPvI3M4Qc&amp;cce=2&amp;category=acrcp_v1_32&amp;sig=AOD64_0ZtvhbsPSIKdetUKUt9zBBmISupw&amp;q&amp;sqi=2&amp;nis=4&amp;adurl&amp;ved=2ahUKEwjnpc-S09WPAxWX2gIHHbwGM3wQ0Qx6BAgPEAE\" target=\"_blank\" rel=\"nofollow noopener\">Gemini Space Station<\/a>, the cryptocurrency exchange founded by Tyler and Cameron Winklevoss, surged in its Nasdaq debut Friday after raising $425 million in an initial public offering.<\/p>\n<p>The company priced its IPO late Thursday at $28 a share, valuing Gemini at about $3.3 billion before trading began. That price was above the revised $24 to $26 range it set earlier in the week and well above the initial $17 to $19 range. The offering covered 15.2 million shares.<\/p>\n<p>On Friday, the stock opened at $37.01, a 32% premium to the offer price. Shares climbed as high as $45.89 during intraday trading before settling at $32, still <a href=\"https:\/\/www.cnbc.com\/2025\/09\/12\/gemini-the-winklevoss-crypto-exchange-pops-in-nasdaq-debut.html\" target=\"_blank\" rel=\"nofollow noopener\">14% above the IPO level <\/a>by the close.<\/p>\n<p>Gemini, headquartered in New York, operates a suite of crypto services including a spot exchange, custody solutions for institutions, a U.S. dollar-backed stablecoin, a crypto rewards credit card, and staking products. As of the end of July, the company held more than $21 billion of assets on its platform. Filings show Gemini lost $159 million in 2024 and $283 million in the first half of 2025.<\/p>\n<p>The Winklevoss brothers, who became the first bitcoin billionaires after early investments in the cryptocurrency, appeared on CNBC\u2019s &#8220;Squawk Box&#8221; on the morning of the IPO. Tyler Winklevoss <a href=\"https:\/\/www.cnbc.com\/2025\/09\/12\/winklevoss-twins-see-bitcoin-reaching-1000000-in-10-years.html\" target=\"_blank\" rel=\"nofollow noopener\">described<\/a> bitcoin as \u201cgold 2.0\u201d and said adoption remains in the \u201cfirst inning.\u201d He and his brother projected that bitcoin could reach $1 million within the next decade.<\/p>\n<p>Gemini\u2019s listing follows those of Coinbase (COIN) in <a href=\"https:\/\/www.coindesk.com\/markets\/2021\/04\/14\/coinbase-direct-listing-gets-100b-valuation-as-share-price-jumps-in-nasdaq-debut\" rel=\"nofollow noopener\" target=\"_blank\">April 2021<\/a> and Bullish (BLSH), which owns CoinDesk, <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/08\/13\/crypto-exchange-bullish-shoots-above-usd100-as-shares-debut-more-than-doubling-ipo-price\" rel=\"nofollow noopener\" target=\"_blank\">last month<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Gemini Space Station, the cryptocurrency exchange founded by Tyler and Cameron Winklevoss, surged in its Nasdaq debut Friday&hellip;\n","protected":false},"author":3,"featured_media":224577,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[7566,64,39852,67,132,68,121700],"class_list":{"0":"post-224576","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-bitcoin","9":"tag-business","10":"tag-gemini","11":"tag-united-states","12":"tag-unitedstates","13":"tag-us","14":"tag-winklevoss"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115199214468766041","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/224576","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=224576"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/224576\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/224577"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=224576"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=224576"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=224576"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}