According to Bloomberg, Gemini is reportedly discussing internally the possibility of requesting the Winklevoss brothers, its founders, to waive approximately $330 million in loans or convert the related debt into additional equity. As of December last year, Gemini's outstanding debt to the founders stood at 4,619 BTC, which is worth over $330 million at current prices. Previously, Gemini had laid off about 30% of its workforce and exited the UK, EU, and Australian markets, with losses of approximately $585 million projected for 2025. https://(wublock123.com)/news/gemini-to-convert-4619-btc-debt-into-equity-59374