GEMI Stock On Track To Record Best Session In Over A Month On Acquisition Interest

• As per Coindesk, some potential acquirers are interested in buying the company's now-shuttered operations in Europe and the U.K. to obtain regulatory licenses in these jurisdictions.
• Gemini shut down its operations in the U.K., the European Union, and Australia in February.
• The potential acquirers are not interested in the whole company, the report added.

Shares of Gemini Space Station Inc. (GEMI) rallied 11% on Thursday following a report that potential buyers are evaluating an acquisition of parts of the crypto exchange.

GEMI stock is now on track for its best session since early March if gains hold.

Coindesk reported the news, citing a person familiar with the matter. As per the report, some potential acquirers are interested in buying the company's now-shuttered operations in Europe and the U.K. to obtain regulatory licenses in these jurisdictions.

Acquisition Rationale

Securing regulatory approvals in these geographies is time consuming, making an acquisition of Gemini’s shuttered operations a sensible bet, the source reportedly told Coindesk. Coindesk also noted that a crypto license doesn’t simply transfer to a new owner in case of an acquisition in either Europe or the U.K.  

Gemini shut down its operations in the U.K., the European Union, and Australia in February and retained only its U.S. and Singapore businesses. The potential acquirers are not interested in the whole company, the report added.

How Did Retail Traders React?

On Stocktwits, retail sentiment around GEMI stock jumped from ‘neutral’ to ‘bullish’ territory over the past 24 hours, while message volume increased from ‘extremely low’ to ‘low’ levels.

Gemini was among a slew of cryptocurrency companies that went public in 2025 near the peak of the bull market. Debuting in September last year, GEMI’s stock is down nearly 85% since its IPO.

In March, shareholders filed a class-action lawsuit against the company and the Winklevoss twins who lead the company, accusing it of fraud. According to the filing, the shareholders said that they were not clearly informed about Gemini’s business prospects and noted that the stock had taken a hit due to the company’s decision to pivot strategy, cut jobs, and let go of senior executives.

GEMI stock has dropped 52% year-to-date.

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