Gemini Eyes Asset Sales Amid Global Retreat and Job Cuts

Gemini explores selling UK and European assets to secure liquidity while refocusing on US and Singapore markets amid a 4,619 BTC debt to Winklevoss Capital.

In recent days, several potential buyers have expressed interest in specific assets belonging to the company, primarily focusing on its shuttered operations in the United Kingdom and Europe.

The primary motive behind these negotiations is access to existing regulatory licenses—including the European MiCA regime and registration with the British regulator—which typically take years to acquire.

Sources indicate that interest is directed toward individual segments of the business rather than a full acquisition of the company.

Strategic Retreat and Focus on Key Markets

Parallel to this, Gemini is accelerating its withdrawal from several international markets. The company has already begun the process of permanently closing customer accounts in the UK, the European Economic Area, and Australia, with the final deadline for these operations set for early April 2026. This move marks a sharp shift in strategy, as the exchange refocuses primarily on the United States and Singapore.

At the center of the new model sits “Gemini Predictions”—a US-based prediction market platform reflecting a broader push toward optimization and the implementation of AI solutions. To support this transformation, the company has significantly reduced its workforce—by between 25% and 75% compared to peak levels—in an effort to increase efficiency and cut costs.

Although news of potential sales led to a short-term stock price increase of approximately 9%–12%, the price remains under pressure in the long term. The shares are trading far below their initial price of $28 and have lost over 50% of their value since the beginning of the year.

Debt Pressure and Leadership Changes

A key factor behind these actions remains an obligation of 4,619 BTC to the Winklevoss Capital Fund, valued at approximately $330 million. Simultaneously, the transfer of about $130 million in BTC to Gemini’s hot wallets suggests possible efforts to secure liquidity or prepare for sales.

Additional pressure on the company comes from leadership changes. The departure of key figures, including the Chief Operating Officer, Chief Financial Officer, and Chief Legal Officer, leaves the Winklevoss twins at the helm of a significantly leaner management team at a critical moment for the exchange’s future.

The combination of asset sales, layoffs, and strategic redirection outlines an attempt to stabilize the business by focusing on more profitable markets and limiting exposure to regulatorily complex jurisdictions.