Gemini Space Station Jumps 30% As Bitcoin Tops $73,000

Gemini Space Station Inc(NASDAQ:GEMI) is trading sharply higher Wednesday morning asBitcoin(CRYPTO: BTC) jumps, topping $73,000 and climbing roughly 7%. Here's what investors need to know.

• Gemini Space Station stock is showing exceptional strength. Why is GEMI stock surging?

Gemini Space Station Jumps As Bitcoin Rallies

Gemini Space Station is widely viewed as a leveraged play on Bitcoin because the company's business model and balance sheet are closely tied to movements in the cryptocurrency's price.

When Bitcoin rises, the market value of Gemini Space Station's digital-asset holdings increases, improving the company's perceived net...