Gemini's Financial Lifeline: Insider Reports Massive Founder Loan Could Convert to Equity Amid Market Turmoil
Insiders reveal Gemini is negotiating with its founders, the Winklevoss twins, to convert approximately $330 million in loans into equity to alleviate debt pressure. This move could reshape the company's capital structure. Following the report, the stock saw a brief rally but remains deeply down year-to-date, highlighting the crypto winter's ongoing impact.
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