Key Notes

The cryptocurrency exchange raised $425 million with demand exceeding available shares by over 20 times during its IPO.

Winklevoss twins now control a $3.07 billion stake while maintaining 94.5% voting power in the publicly traded company.

Crypto companies have raised nearly $16 billion in 2025, driven by regulatory clarity and growing institutional adoption.

Cryptocurrency exchange Gemini Space Station, founded by twins Cameron and Tyler Winklevoss, began trading on the Nasdaq on September 12 at $28 per share, raising $425 million in its initial public offering.

According to its press release , the stock opened at $37.01 and surged over 40% during its first trading session, reaching a peak of $40.71 before settling around $35 by midday.

Trading volume was substantial, wit

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