Crypto platform Gemini’s stock is down 80% from its IPO. That’s reviving takeover speculation
The crypto platform’s market value has fallen to about $753 million, putting fresh attention on the licenses, custody infrastructure and customer relationships a buyer could inherit.
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Summary
- Gemini’s stock has fallen about 80% since its public debut, reducing its market value from roughly $4 billion at its peak to $753 million as trading volume, revenue and platform assets have declined.
- Although there is no indication of an active bid, Gemini’s regulatory licenses, customer base and custody infrastructure could make it an attractive acquisition target for a company seeking a regulated U.S. foothold.
- Cameron and Tyler Winklevoss control 94.5% of Gemini’s voting power, which could streamline negotiations but makes any sale effectively dependent on their approval.
