Winklevoss Twins Pump $100 Million into Struggling Gemini Exchange

The Winklevoss twins have made a significant investment in the struggling Gemini crypto exchange. Tyler and Cameron Winklevoss, co-founders of Gemini Space Station Inc., injected $100 million into their New York-based firm through their investment vehicle, Winklevoss Capital Fund LLC.

The investment was made at a price of $14 per share of Class A common stock, with the consideration paid in Bitcoin. This strategic move aims to support the exchange's growth and stability in the competitive crypto market.