Winklevoss’ Gemini Goes Public With $317M IPO; SOL Strategies Lists on Nasdaq
Gemini, the crypto exchange founded by Cameron and Tyler Winklevoss, is set to go public in New York this week with a potential $317 million IPO, backed by Nasdaq’s $50 million strategic investment through a private placement. The partnership will link Nasdaq’s clients to Gemini’s custody and staking services while giving Gemini’s institutional customers access to Nasdaq’s Calypso platform. Trading under the ticker “GEMI”, the IPO would make Gemini the third listed U.S. crypto exchange after Coinbase and Bullish. The company holds $21B in assets and has processed $285B in trading volume, though it reported a $282.5M net loss in the first half of 2025. Meanwhile, SOL Strategies (HODL), a Toronto-listed Solana-focused digital asset firm, has secured approval to list on the Nasdaq Global Select Market under the ticker “STKE” starting today. The firm, which holds 435,064 SOL tokens worth CAD$122M, said the move will boost liquidity, institutional visibility, and accelerate its Solana validator and infrastructure growth therefore positioning it as a key institutional gateway into the Solana ecosystem.