GEMI Stock Down 80% From IPO, Takeover Talk Revives
At a $753 million market cap, the licenses and custody infrastructure may now be worth more than the shrinking exchange inside them, and the Winklevoss twins alone decide whether any deal happens.
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At a $753 million market cap, the licenses and custody infrastructure may now be worth more than the shrinking exchange inside them, and the Winklevoss twins alone decide whether any deal happens.
Pairing a Nasdaq-listed treasury vehicle with 18% of Zcash's hashrate and a 5% ZEC supply target turns a privacy-coin mining bet into an institutionally-backed accumulation play.
The donation lands 23 days after the CFTC joined Gemini's bid to dismiss a derivatives case, sharpening the read that political capital and regulatory relief are moving on the same track.
The Winklevoss-funded bitcoin infusion lands the same quarter Gemini cut 25% of staff, exited three jurisdictions, and cleared a CFTC derivatives license — the market is betting the strategic pivot…