Overview

• GEMI traded around $25.15 on Thursday, a 2.5% daily gain that still left shares under their $28 offering level for a second session, according to CoinDesk.
• The stock had closed Wednesday at $24.53 after a 12.8% drop and is down more than 33% over the past week, with the market value slipping below $3 billion, InsideBitcoins reported.
• Gemini priced its IPO at $28, opened at $37.01, peaked at $45.89, and closed the debut at $32, raising $425 million by selling 15.2 million shares.
• Public filings and reports show a $283 million net loss for the first half of 2025, exceeding the $159 million net loss recorded for all of 2024.
• Gemini and the SEC told a federal court they reached a resolution in principle over the Earn case and asked to extend the deadline for final settlement paperwork to December 15.