{"id":12907,"date":"2025-06-09T10:09:25","date_gmt":"2025-06-09T08:09:25","guid":{"rendered":"https:\/\/wsj-crypto.com\/?p=12907"},"modified":"2025-06-09T10:09:25","modified_gmt":"2025-06-09T08:09:25","slug":"gemini-submits-ipo-draft-to-sec-for-upcoming-public-offering","status":"publish","type":"post","link":"https:\/\/wsj-crypto.com\/index.php\/2025\/06\/09\/gemini-submits-ipo-draft-to-sec-for-upcoming-public-offering\/","title":{"rendered":"Gemini Submits IPO Draft to SEC for Upcoming Public Offering"},"content":{"rendered":"

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Today, Gemini Space Station, Inc. revealed<\/a> that it has privately submitted a draft registration statement to the US Securities and Exchange Commission for a proposed initial public offering (IPO) of its Class A common stock. Information regarding the share quantity and price range remains undisclosed. The IPO will move forward following the SEC’s examination and is contingent on market conditions.<\/p>\n

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\ud83d\udea8JUST IN: @Gemini<\/a> has privately filed for an IPO with the @SECGov<\/a>. <\/p>\n

Details on the number of shares and pricing are TBD. <\/p>\n

Launch date will rely on SEC review and market conditions.<\/p>\n

\u2014 Eleanor Terrett (@EleanorTerrett) June 6, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

\u201cAny proposals, requests, or invitations to purchase, or any sales of securities will be executed in compliance with the registration mandates of the Securities Act of 1933, as amended,\u201d stated the press announcement. \u201cThis information is being disseminated in accordance with Rule 135 under the Securities Act.\u201d<\/p>\n

Gemini\u2019s action occurs amid an escalating level of activity in both the public markets and the digital asset arena. Just yesterday, Trump Media and Technology Group Corp. (Nasdaq, NYSE Texas: DJT) also submitted<\/a> a Form S-1 to the SEC for its forthcoming Truth Social Bitcoin ETF.<\/p>\n

\u201cTruth Social Bitcoin ETF, B.T. is a Nevada business trust that issues beneficial interests in its net assets,\u201d outlined the Form S-1. \u201cThe Trust’s assets consist mainly of bitcoin held by a custodian on behalf of the Trust. The Trust aims to generally mirror the performance of bitcoin’s price.\u201d<\/p>\n

Interest surrounding Bitcoin and wider crypto policy was also apparent last week at the 2025 Bitcoin Conference<\/a> in Las Vegas. There, Gemini founders Cameron and Tyler Winklevoss participated alongside White House A.I. & Crypto Czar David Sacks to deliberate on how the government should navigate Bitcoin and recent changes in federal policy.<\/p>\n

\u201cOrange is the new gold,\u201d stated Cameron. \u201cHence, Bitcoin is Gold 2.0, and that has held true since day one. So, at $100,000 per Bitcoin, that’s thrilling, but if you take 21 million and calculate the surface market price of gold, it should realistically be a million dollars a coin\u2014easily,\u201d<\/p>\n

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They discussed some of the recent policy shifts that have benefited crypto, such as reversing the IRS digital asset broker rule and SAB 121, which had restricted banks from holding Bitcoin. The Department of Justice has also ceased its regulation by prosecution tactic, alleviating stress on digital asset companies.<\/p>\n

\u201cIt\u2019s hard to envision any President. Any other President being able to achieve any portion of this or accomplish that, and we have just over 100 days,\u201d noted Tyler. \u201cSo, it\u2019s pretty remarkable that we still have plenty of time remaining.\u201d He concluded the panel, exclaiming, \u201cTo the Moon!\u201d<\/p>\n<\/div>\n