GEMINI files for Nasdaq menu under GEMI as a mountain loss star-news.press/wp

Gemini Space, Crypto Exchange and Custodian, which was founded by Cameron and Tyler Winklevoss, presented to the US Securities and Stock Exchange Committee to insert its shared A.C. in the Nasdaq Global Slect market under the GEMI index.

Founded in 2014, GIMINI runs an organized encoding, nursery service, a group of Blockchain products, including the dollar-backed dollar dollar (Gusd) Stablecoin and Crypto-Rewards, platform, platform, platform, platform, platform, platform He said In the file presented on Friday.

According to its presentation, the public subscription will celebrate the first time that its shares are traded in general, with the expectation of prices between an unknown range. This offer will be led by a union of major banks, including Goldman Sachs, Morgan Stanley, Stejroub, and others.

After the interest, Gemini will have a first -degree double -class stake, including the A.D. -made shares with a single sound per share, and the B. Category Class holds ten votes. Winklevoss Twins will retain all Class B shares, ensuring control of the majority in voting and qualifying Gemini as a “controlled company” under the Nasdaq bases.

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Gemini faces the expansion of losses

Despite the bullish frame, the S-1 reveals the expansion of net losses. In 2024, Gemini recorded $ 142.2 million for $ 158.5 million. This deficit has already deepened in 2025, with losses in the first half of 2025, reaching 282.5 million dollars at $ 67.9 million of revenue.

The company’s liquidity has also been tightened. Cash and monetary bonuses amounted to 341.5 million dollars at the end of 2024, but it decreased to 161.9 million dollars by mid -2015, reflecting the sustainable loss of losses and operating costs.

It is worth noting that Cameron, Tyler Winkelvos supported an attempt to re -election Trump and support political action committees that focus on encryption.

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Trump’s era promotes optimism for the encryption market

Gemini moves in a changing organizational climate. With the Trump administration adopting a more supportive situation for a quarter, American digital asset companies find a renewed appetite in the capital market.

In June, the StableCoin Circle International Group organized the public subscription, raising $ 1.1 billion and closing its first day by 167 % higher than the price of $ 31.

As it was mentioned, Crypto Exchange Bullish also appeared for the first time in the public market, as its shares increased by 83.8 % on the first day to close at $ 68, giving the company a ceiling for the market exceeding $ 10 billion. The stock opened at $ 90, and it reached $ 118 for a short period, or more than 215 % higher than the public subscription price of $ 37, before declining.

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