Winklevoss’ Gemini jumps 25% on $100 million bitcoin infusion despite deepening losses

Gemini, the cryptocurrency exchange founded by the Winklevoss twins, has seen a 25% increase in its valuation following a $100 million investment in Bitcoin. The company's revenue rose by 42% year-over-year to $50.3 million, contributing to a reduction in its net loss by 27% compared to the previous year.