Despite Tyler Winklevoss’ optimism amid negative crypto sentiment, Gemini faces restructuring. Winklevoss Capital has reduced its Bitcoin holdings from approximately 23,000 BTC in February 2025 to under 11,000 BTC in February 2026, according to Arkham.
Gemini projects 2025 net revenue between $165 million and $175 million, with a 17% increase in monthly users. However, operating expenses are projected to significantly increase.
Gemini is cutting staff by up to 25%, exiting the UK, EU, and Australia to focus on the US and Singapore. Its COO, CFO, and chief legal officer have also departed.
Gemini’s spot market share decreased, leading to a strategic pivot towards a CFTC-regulated prediction markets platform, custody, and credit card services.
