Gemini Posts $50M Q1 Revenue, Gets $100M Bitcoin Investment

Gemini posts $50.3 million in Q1 revenue

Cryptocurrency exchange Gemini reported total revenue of $50.3 million for the first quarter of 2026. This represents a 42% increase compared to the same period in 2025. Services revenue and interest income rose 122% to $24.5 million and now account for 49% of total revenue, up from 31% a year earlier. Credit card revenue nearly quadrupled to $14.7 million. Traditional exchange revenue fell 27% to $17.2 million as trading volume dropped to $6.3 billion from $13.5 billion in Q1 2025.

Founders invest $100 million paid in Bitcoin

Winklevoss Capital Fund, the venture capital vehicle operated by Gemini founders Cameron and Tyler Winklevoss, invested $100 million in Gemini at $14 per share. The investment was paid entirely in Bitcoin (BTC), a digital currency. At the time of the announcement, Gemini shares traded at $6.11 on the Nasdaq stock exchange under the ticker GEMI — well below the $14 investment price. Shares rose more than 16% from their previous closing price of $5.26.

"We believe the market has significantly undervalued Gemini, and that this investment will allow us to set up the company for its next phase of growth.", 14 May 2026. — Tyler Winklevoss, CEO, Gemini Space Station Inc.

Gemini receives CFTC clearinghouse licence

Gemini's subsidiary, Gemini Olympus, LLC, received a Derivatives Clearing Organization (DCO) licence from the United States Commodity Futures Trading Commission (CFTC), announced on 30 April 2026. A DCO licence authorises a company to settle derivatives trades — contracts whose value depends on an underlying asset — in-house rather than through a third party. Gemini had already received designation as a Designated Contract Market (DCM) in December 2025. The two licences together give Gemini the infrastructure to offer prediction markets, futures, and options directly on its platform.

"Today marks a major milestone in Gemini's marketplace expansion. In addition to our crypto spot marketplace, Gemini now has a full-stack, end-to-end marketplace for predictions as well as futures, options, and more.", 30 April 2026. — Cameron Winklevoss, President, Gemini Space Station Inc.

GEMI shares remain down over six months

Despite the post-announcement surge, GEMI shares remain down 51% over the previous six months, according to Yahoo Finance data cited at the time of the announcement. The stock recovered approximately 26% in the month before the announcement. The investment price of $14 per share stood well above the exchange's trading price of $6.11 on the day of the announcement.