Gemini Space Station Inc., the crypto exchange founded by Cameron and Tyler Winklevoss, has filed for a $316.7M initial public offering (IPO) in New York. Social media is dubbing it the \u201cGemini IPO\u201d and the company plans to sell 16.7 million shares priced between $17\u2013$19 each, which would give Gemini a market cap of about $2.2Bn at the top of the range.<\/p>\n
Gemini controls more than $18Bn in assets and crypto assets<\/a>, according to its filing. But the company is still losing money, reporting a $282.5M net loss on $68.6M revenue in the first six months of 2025.<\/p>\n \u201cWe believe the U.S. market is finally ready for compliant, regulated crypto institutions,\u201d the Winklevoss brothers wrote in their SEC filing.<\/p>\n Fidelity is accepting indications of interest for the Gemini IPO. $GEMI<\/a> pic.twitter.com\/E18FbD0pA3<\/a><\/p>\n \u2014 Craig Stephens | Access IPOs (@AccessIPOs) September 2, 2025<\/a><\/p>\n\n The IPO will be underwritten by Goldman Sachs and Citigroup, with Gemini trading on Nasdaq under the ticker GEMI. Meanwhile, Trump is ignoring Gemini and shipping all his wealth<\/a> to Crypto.com (CRONOS).<\/p>\n DISCOVER: 20+ Next Crypto to Explode in 2025<\/a><\/strong><\/p>\n Donald Trump\u2019s media empire is expanding deeper into crypto. Trump Media & Technology Group (DJT) announced a deal with Crypto.com to create a new treasury venture built around Cronos (CRO).<\/p>\n The company will merge with Yorkville Acquisition Corp and go public under the ticker MCGA. Trump Media will anchor its corporate reserves with $1Bn worth of CRO tokens, backed by $200M in cash, $220M in warrants, and a $5Bn equity line of credit from Yorkville affiliates. At this point, Trump is running the country like a crypto mafia don.<\/p>\n (Source: TradingView<\/a>)<\/p>\n The move sent CRO up +29.6% to $0.20, according to CoinGecko, while Yorkville\u2019s stock slid -2.2% to $10.42.<\/p>\n \u201cBy anchoring Truth Social\u2019s rewards economy and corporate reserves in CRO, Trump Media is effectively institutionalizing the token,\u201d said Alice Liu, head of research at CoinMarketCap.<\/p>\n Trump Media shares also rose +6.6% to $18.36, buoyed by the news.<\/p>\n DISCOVER:\u00a0<\/span>9+ Best High-Risk, High-Reward Crypto to Buy in July 2025<\/span><\/a><\/strong><\/p>\n The Trump-Cronos move mirrors Michael Saylor\u2019s playbook at MicroStrategy, which effectively transformed a software company into a Bitcoin vault now holding close to $100Bn. Investors have bought in, sending MSTR shares up fivefold alongside Bitcoin\u2019s rally in 2024.<\/p>\n (Source: TradingView<\/a>)<\/p>\n Corporate treasuries are testing similar waters with tokenized reserves. Circle went public in June with a $1.2Bn IPO, its stock jumping +168% on the first day.<\/p>\n Additionally, the SoftBank- and Tether-backed SPAC launched a $3.6Bn Bitcoin treasury firm earlier this year.<\/p>\n For Gemini, the IPO is a chance to restore confidence after past regulatory battles, including a dropped SEC case and a $5M CFTC settlement earlier this year. For Trump, well, it\u2019s business as usual. Everything he touches turns to gold because he\u2019s the freaking president.<\/p>\n Crypto.com is the latest venture, and we\u2019ll see what else Trump pumps (and hopefully doesn\u2019t dump like WLFI token<\/a>) by year\u2019s end.<\/p>\n EXPLORE:\u00a0XRP Price Jumps 11% After SEC Crypto Unit Tease XRP ETF Progress<\/a><\/strong><\/p>\n\n Gemini seeks a $317M IPO while Trump Media launches a $1B Cronos treasury venture. <\/p>\n Crypto.com is the latest venture Trump has pumped and we\u2019ll see what else he boosts by year\u2019s end and hopefully doesn\u2019t dump like WLFI token.<\/a> <\/p>\n\n<\/div>\n The post Gemini IPO Targets $317M as Trump Media Bets $1B on Crypto.com Treasury Strategy<\/a> appeared first on 99Bitcoins<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Gemini Space Station Inc., the crypto exchange founded by Cameron and Tyler Winklevoss, has filed for a $316.7M initial public offering (IPO) in New York. Social media is dubbing it the \u201cGemini IPO\u201d and the company plans to sell 16.7 million shares priced between $17\u2013$19 each, which would give Gemini a market cap of about […]<\/p>\n","protected":false},"author":0,"featured_media":93399,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-93398","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/93398"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=93398"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/93398\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/93399"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=93398"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=93398"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=93398"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Trump Media and Crypto.com Bet Big on Cronos: Why Won\u2019t He Touch Gemini?<\/h2>\n
Bitcoin Treasury Strategy Stocks You Need to Invest In<\/h2>\n
Can Gemini and Trump Media Deliver in a Crowded Market?<\/h2>\n
Key Takeaways<\/h2>\n\n