The Winklevoss twins are betting $100 million in Bitcoin that Gemini is worth triple its current market price, even as the stock has collapsed 89% and the C-suite has fled. While the public market values the company at $4.92 per share, the founders are buying in at $14. Is this a visionary move to capitalize on an undervalued asset, or a desperate attempt to mask a failing business facing lawsuits and mass layoffs? Are the twins right, or is the market? What’s your take?
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