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Winklevoss Twins Bet Big on Crypto Exchange
15 May
Summary
- Winklevoss twins injected $100 million into Gemini.
- The investment was made into a money-losing crypto exchange.
- The investment occurred at $14 per share of Class A stock.
Tyler and Cameron Winklevoss, known for founding Gemini Space Station Inc., have committed $100 million to a crypto exchange that is currently operating at a loss. The investment was channeled through Winklevoss Capital Fund LLC.
This strategic infusion was made at a valuation of $14 per share for the company's Class A stock. The move highlights the Winklevoss twins' continued involvement and investment in the cryptocurrency sector.
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