Gemini Shares Close Oct. 20 at Record Low of $3.135, Down 89% From IPO

Gemini Space Station, Inc. (GEMI) shares closed at a record low of $3.135 on Oct. 20, leaving the cryptocurrency exchange’s stock about 89% below its $28 initial public offering price.

The close was lower than the $3.215 recorded on Oct. 19, which had been a new low at the time. Shares fell $0.08 between the two closing prices. The 89% decline compares the Oct. 20 close with the price investors paid in the offering.

For the six months ended June 30, 2026, Gemini recorded $95.7 million in revenue, up from $68.6 million in the same period of 2025. That was an increase of $27.1 million from a year earlier.

Gemini’s comprehensive loss narrowed to $216.8 million for the first half of 2026 from $277.3 million a year earlier. The difference was $60.5 million. Those first-half figures cover a separate period from the October share-price decline.