Gemini’s Nasdaq Debut: A Winklevoss Twin-tastic 50% Splash! 🚀💰

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Well, I say, old bean, what a ripper of a show the Winklevoss twins put on with their Bitcoin exchange, Gemini (GEMI)! These two chaps, Tyler and Cameron, no slouches when it comes to the old cryptocurrency game, made quite the splash on their Nasdaq debut, soaring like a well-aimed cricket ball, up nearly 50% after their initial public offering (IPO). Blimey, that’s what I call a spiffing start! 🏏✨

Gemini’s Nasdaq Debut: A Cracking Good Show

Based in the heart of New York, where the streets are paved with, if not gold, then certainly Bitcoin, Gemini priced its IPO late on Thursday, popping above the anticipated range of $24 to $26. Jolly good show, what? This little maneuver valued the company at a cool $3.3 billion before the trading bells even rang. Not too shabby for a pair of Harvard grads who once had a spot of bother with a certain Mr. Zuckerberg. 😏📈

Now, don’t get me wrong, it hasn’t all been smooth sailing for our twin titans. According to their SEC filings, Gemini reported a net loss of $159 million in 2024 and a rather steeper $283 million in the first half of this year. But, as they say, you’ve got to spend money to make money, and these chaps seem to have a knack for the latter. 💸💼

The Winklevoss brothers, early Bitcoin adopters and the first to join the Bitcoin billionaire club, have never been shy about their love for the digital gold. They’ve been banging on about Bitcoin being a better store of value than the yellow metal itself. In a recent chinwag on CNBC’s Squawk Box, they boldly proclaimed that Bitcoin could hit $1 million in the next decade. “Easily tenfold,” they said, with the confidence of men who’ve already made a pretty penny. 🤑🚀

GEMI Stock Hits the High Notes at $40

Gemini’s Nasdaq debut follows hot on the heels of other crypto firms like Circle (CRCL), the issuer of the USDC stablecoin, and Bullish (BLSH), backed by the ever-enigmatic Peter Thiel. It seems the crypto crowd is quite the fashionable set these days, what? 🎩💹

According to Arkham data, the Winklevoss twins’ long-standing commitment to Bitcoin and the broader crypto market has seen them amass over $2 billion in crypto assets, mostly in BTC. Not a bad haul for a pair of chaps who once rowed for Harvard. 🛶💰

The newly minted GEMI stock opened at $37.01 on Friday, a good deal above its IPO price of $28, and even touched a high of $45.74 during trading. Since then, it’s retraced a bit, settling around $34. But hey, that’s the stock market for you-a bit of a rollercoaster, what? 🎢📉

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2025-09-12 22:18