Due to the shrinking market capitalization, the cryptocurrency exchange Gemini is considering converting the Winklevoss brothers' loan into equity.

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Mars Finance News: Cryptocurrency exchange Gemini’s market value has shrunk by over 50% this year, and it has laid off 30% of its staff. Internal discussions are underway to request founders Tyler Winklevoss and Cameron Winklevoss to reduce or forgive the hundreds of millions of dollars in loans they provided to the company, or to convert the debt into equity. As of the end of December, Gemini owed 4,619 Bitcoins, worth over $330 million at current prices. Securities filing documents show that Gemini lost $585 million last year. Additionally, the company plans to exit the UK, EU, and Australian markets, with several executives having already resigned. Currently, the Winklevoss brothers hold the majority voting rights and have not yet stated whether they support this plan.

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