Gemini shares rise 5% on narrower Q1 loss and $100M strategic investment from Winklevoss Capital

Gemini Space Station reported a smaller-than-expected net loss of $0.93 per share for Q1 2026, beating analyst estimates of a $1.07 loss. Revenue grew 42% year-over-year to $50.3 million, driven by strong gains in services, interest income, and credit card revenue. The company also secured a $100 million strategic investment from Winklevoss Capital Fund, paid in bitcoin, supporting its shift from a crypto trading platform to a broader markets company. Gemini CEO Tyler Winklevoss highlighted this investment as a key step for the company's next growth phase, following recent product launches and regulatory progress.