2025-03-09
Gemini, a cryptocurrency company
founded by billionaire twins Cameron and Tyler Winklevoss, has confidentially
filed paperwork to sell shares to the public for an IPO, according to Bloomberg.
The company is working with major banks
Goldman Sachs and Citigroup to prepare for this initial public offering (IPO).
However, no final decision has been made yet.
Gemini might go public later this year,
following the resolution of a U.S. government investigation.
In February, Cameron Winklevoss
mentioned that the company had settled a lawsuit with the Commodity Futures
Trading Commission by paying $5 million.
On Friday, the Winklevoss twins
attended a White House meeting with other cryptocurrency leaders.
President Donald Trump’s administration
has been supportive of the crypto industry, making it easier for companies like
Gemini to go public.
Recently, Trump also announced plans to
create a national Bitcoin reserve and collect other cryptocurrencies seized
through legal cases.
The Winklevoss twins are best known for
their legal battle with Mark Zuckerberg over Facebook’s ownership. They have
also been major supporters of Trump’s campaign, donating more Bitcoin than
legally allowed, and getting refunded the extra amount.
Gemini employs over 500 people and has
offices in New York, Seattle, Singapore, London, and Dublin.
