Partnered with Moby for collaboration.

Bullish CEO Tom Farley joins CFTC's inaugural CEO Innovation Council to advise on derivatives markets, tokenization, perpetuals, and blockchain infrastructure alongside CEOs from CME, Nasdaq, Kraken, Gemini, and other major exchanges.

Bullish, Coinbase, and Circle send $309.15 million in stablecoins to market maker Wintermute on Solana before FOMC meeting.

Stock gained 11.97% over the last week, ranking #7 among top Bitcoin treasury companies in recent performance.

Bullish secures $1.1 billion IPO in 2025.

Bullish sends $132 million to Wintermute on Solana network on December 8th.

Bullish sends massive USDC flows to Wintermute from Coinbase and Circle in recent days to purchase SOL for institutional investors.

$BLSH stock valuation is reported at over $5 billion.

MSCI lists Bullish among 38 Digital Asset Treasury companies under consideration for removal from major JPMorgan-endorsed indexes due to exceeding 50% digital asset holdings, with decision date set for January 15th, 2026.

JPMorgan lowers 2026 price target to $45 while maintaining Neutral rating.

ARK Invest buys $16.9M worth of shares across three ETFs during Wednesday's market crash.

The exchange completed an IPO on the New York Stock Exchange under ticker BLSH in August 2025, raising over $1.1 billion, and has become highly active in market making through Wintermute.

Q4 non-trading revenue guidance is flat with no conference revenue expected, perpetual futures product lost money in October as spreads turned negative, and new deals start too late in Q4 to impact results despite strong options activity.

Bullish achieves profitability in Q3 2025 after adding options trading and U.S. spot trading capabilities.

ARK Invest purchases $10.2 million worth of shares across three of its ETFs, continuing its pattern of accumulation.

ARK Invest purchases an additional $2.9M in Bullish shares during a market dip.

ClearStreet upgrades the exchange to "Buy" rating after market share doubles from 2.1% to 3.7% and the exchange launches an options trading platform.

Bullish receives AA rating in November 2025 Exchange Benchmark, one of only 8 exchanges to achieve this top rating out of 20 evaluated exchanges, alongside Binance, Coinbase, Kraken, Crypto.com, OKX, Bitstamp, and Gemini.

Cathie Wood's ARK Invest buys $12 million worth of Bullish shares.

Cathie Wood's ARK Invest purchases $5M in Bullish shares as the exchange launches in the US market.

JPMorgan and Goldman Sachs hired to lead Bullish's IPO, joining Circle and Consensys in pursuing public market listings.

Mass mobile app lists tokenized $BLSH stock with physical backing alongside Block ($XYZ) and Bitmine ($BMNR), expanding accessibility through mobile tokenized stock trading platform.

Citigroup analysis states momentum is accelerating for Bullish ($BLSH), contrasting with slowing growth at competitor Gemini.

Lists MOCA, SAND, and EDU tokens for Hong Kong customers, becoming the first SFC-licensed exchange in Hong Kong to support trading of these tokens.

Announces banking services partnership with Deutsche Bank, expanding institutional banking relationships.

Raises $1.11 billion at a $5.41 billion valuation in August 2025, described as a rare liquidity event for a regulated exchange.

Launches Bitcoin options trading on October 8 with a consortium of trading partners, expanding beyond the recently activated spot trading platform into derivatives markets.

Activates U.S. spot crypto trading platform following the previously announced NYDFS BitLicense approval, marking the operational launch of services.

$PENGU token is now live and tradable on the exchange, expanding the available trading pairs following previous Pudgy Penguins partnership mentions.

Reports $108 million net income in first quarterly earnings following IPO.

Features Pudgy Penguins and $PENGU in Q2 earnings report and call, presenting the project to Wall Street institutions.

Shares surge 5% following the New York BitLicense approval as the market reacts positively to the regulatory milestone.

Secures New York BitLicense, enabling U.S. expansion with spot trading and custody services for NY institutions and advanced traders.

ARK Invest acquires $8.3 million worth of shares, marking significant institutional whale activity.

Ranks as 5th largest corporate Bitcoin holder with 2.45% of total corporate BTC treasury holdings (approximately 23,994 BTC).

Coinbase has been appointed as custodian for the project's stablecoin proceeds.

The European arm secures MiCA license approval in Germany, enabling compliant operations under EU's new crypto regulatory framework.

Makes history as first IPO to accept proceeds in stablecoins ($USDC & $EURC)

Unusual trading activity detected as synthetic shares in ARKK are being created to gain unauthorized IPO exposure.

Multiple risk factors emerge including alleged wash trading, unclear cash flows, and accusations of using CoinDesk for reputation laundering.

New GAAP rules allow unrealized crypto gains to boost IPO income figures, potentially masking actual net income performance.

ARK Invest adds $21M position amid crypto stock market tumble

ARK Invest purchases $172M in shares during IPO debut.

Eight different stablecoins across multiple chains and jurisdictions utilized in IPO settlement, with Jefferies coordinating distribution between US, European, and Asian issuers while Coinbase provides custody services.

$1.15B IPO proceeds received through stablecoins, marking first U.S. public offering with multi-chain stablecoin settlement.

Stock surges 218% following NYSE debut, significantly exceeding initial post-IPO gains.

Exchange holds 24,000 BTC, becoming 5th largest Bitcoin treasury holder.

IPO allocates over 20% to retail investors, demonstrating significant retail access to offering.

Stock pushes 31% higher to $118 during first NYSE trading day

Core infrastructure shifting to Solana ecosystem for custody, payments, trading, and settlement functions.

Ark Invest acquires $172M position as stock surges 83% during NYSE debut

Galaxy Digital (GLXY) holds ownership stake in BLSH, adding another major institutional backer alongside BlackRock and Ark.

Stock reaches $12B valuation on first trading day with >$1B cash sale, temporarily halting at $102 after NYSE debut.

Now one of five US public companies deriving majority revenue from crypto, with significant BTC/ETH treasury holdings supporting exchange operations.

IPO oversubscribed 20x with final market value reaching $5.4B

Successful IPO completion raises $1.1B, pricing above expected range

Final IPO price confirmed at $37.00 per share via Robinhood.

IPO valuation shows concerning multiples at 100x EBITDA and 500x P/E, indicating potential overvaluation.

Major banks JPMorgan, Jefferies, and Citigroup back IPO with revised $1B valuation target.

Robinhood opens presales at $37.20 per share with IPO scheduled for August 13, 2025.

Market share drops to 22% from previously reported 34%, with concerns raised about volume reporting accuracy.

Exchange increases IPO fundraising target to $629M according to new SEC filing.

Exchange targets $4.2B valuation in upcoming NYSE IPO.

Q1 2025 shows $349M net loss with $500M debt load, despite $62M quarterly revenue and claimed 34% market share in trading volume.

Exchange reports $2.5B daily trading volume in Q1 2025 and ranks among top 5 for BTC/ETH spot trading, backed by prominent investors including Peter Thiel, Nomura, and Mike Novogratz.

NYSE listing targets $100M fundraising goal

SEC IPO filing includes NYSE listing under ticker "BLSH"; owns CoinDesk following 2023 acquisition.

Major exchange migrates core infrastructure to Solana-native stablecoins for custody, payments, trading, and settlement operations.

Institutional holdings revealed at 164,000 Bitcoin as of 2024.

Files for US IPO with SEC, marking concrete step toward public offering.

Selected as constituent platform for Truth Social's Bitcoin ETF index alongside major exchanges like Coinbase and Kraken, effective March 31, 2025.

Peter Thiel-backed crypto firm weighing potential IPO as early as 2024.