BLSH - Bullish
The next phase of crypto's public-market pitch is less about token prices and more about financial infrastructure. As trading revenue slows, companies including Coinbase, Robinhood, Circle, Bullish and Gemini are trying to show they can own the systems that issue, trade, settle and record assets.
Shares of cryptocurrency exchange and blockchain technology company Bullish (NYSE:BLSH) tanked Friday morning, after the company on Thursday reported its first-quarter results.
Bullish (NYSE:BLSH) on Thursday reported worse-than-expected first-quarter results.
Bullish NYSE: BLSH executives used the company's first-quarter 2026 earnings call to frame its planned acquisition of Equiniti Group as a major strategic shift toward tokenized securities, while also reporting year-over-year revenue and profitability gains despite weaker digital asset prices.
Bullish (BLSH) Q1 2026 Earnings Call Transcript
Bullish (NYSE: BLSH), an institutionally focused global digital asset platform that provides market infrastructure and information services, today announced fi
CAYMAN ISLANDS--(BUSINESS WIRE)--Bullish (NYSE: BLSH), an institutionally focused global digital asset platform that provides market infrastructure and information services, today announced financial results for the first quarter ended March 31, 2026. Tom Farley, CEO: “We're pleased with our Q1 results and we're even more excited about what comes next. With the proposed acquisition of Equiniti, we will have all three elements required to become a powerhouse leading the blockchain era: end-to-en.
Bullish accelerates its global digital asset platform strategy with a $4.2B acquisition of Equiniti, a key regulated crypto transfer agent. The deal positions BLSH to become the first fully integrated, blockchain-enabled global transfer agent for tokenized securities and expands its blockchain-native infrastructure. The company is seeing positive EPS revision momentum ahead of its Q1'26 report on May 14, 2026.
Bullish NYSE: BLSH said it has agreed to acquire Equiniti in a $4.2 billion transaction that management framed as a major step toward building infrastructure for tokenized securities.
Bullish is acquiring Equiniti, a top transfer agent, to bridge traditional capital markets with blockchain and enable large-scale tokenization. Post-deal, BLSH will combine its crypto exchange platform with Equiniti's issuer network, targeting higher trading volumes and new primary offerings. The acquisition values BLSH at ~$9.2B, implying a pre-synergy P/E of ~30x, with expectations for significant long-term earnings growth.
NEW YORK, May 07, 2026 (GLOBE NEWSWIRE) -- Bullish (NYSE: BLSH), an institutionally focused global digital asset platform providing market infrastructure and information services, through its subsidiaries, today announced that it has filed applications with the U.S. Commodity Futures Trading Commission (CFTC) for designation as a Designated Contract Market (DCM) and for registration as a Derivatives Clearing Organization (DCO). The applications have been submitted to CFTC staff and are now part of the agency's standard review process.
CAYMAN ISLANDS--(BUSINESS WIRE)--Bullish (NYSE: BLSH), an institutionally focused global digital asset platform that provides market infrastructure and information services, released its monthly metrics for April 2026 on Thursday, May 7, 2026. 2025 2026 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr (B - in billions) Trading Volume ($B) Spot - BTC 34.6 30.9 43.2 39.2 32.8 19.9 20.8 18.2 16.4 38.2 38.4 2.
It's agreed to buy transfer agent Equiniti in a deal valued at $4.2 billion. At a stroke, this broadens Bullish's operations considerably.
Bullish (BLSH) M&A Call Transcript
Shares of Bullish (NYSE: BLSH) surged on Tuesday after the cryptocurrency exchange operator announced a $4.2 billion agreement to acquire Equiniti, marking a major step in its push to build infrastructure for tokenized securities. The all-stock transaction, which includes the assumption of $1.85 billion in debt, is expected to close in January 2027, subject to regulatory approvals.
WEST PALM BEACH, Fla., May 05, 2026 (GLOBE NEWSWIRE) -- Siris, a leading private equity firm targeting service companies that support critical technology infrastructure, today announced the signing of a definitive agreement to sell Equiniti (“Equiniti” or “the company”), a leading global transfer agent and provider of mission-critical shareholder services, to Bullish (NYSE: BLSH), an institutionally focused global digital asset platform that provides regulated market infrastructure and information services. Under the terms of the agreement, Bullish will acquire Equiniti in an all-stock transaction valued at $4.2 billion. Additional details regarding the transaction will be provided by Bullish.
GEORGE TOWN, Cayman Islands, May 05, 2026 (GLOBE NEWSWIRE) -- Bullish (NYSE: BLSH), the institutional-grade digital asset platform, today announced it has entered into a definitive agreement to acquire Equiniti, a leading global transfer agent and provider of mission-critical shareholder services, in a transaction valued at $4.2 billion. The combination creates the global transfer agent for tokenized securities and aims to position Bullish to lead the shift toward blockchain-native capital markets infrastructure.
Equiniti is one of the world's biggest transfer agents, offering shareholder services to companies including Berkshire Hathaway and Moody's.
Ripple ( CRYPTO: XRP ) Prime's institutional clients can now trade BTC options on Bullish—the second-largest crypto-settled market by open interest—with RLUSD as the collateral.
CAYMAN ISLANDS--(BUSINESS WIRE)--Bullish (NYSE: BLSH), an institutionally focused global digital asset platform that provides market infrastructure and information services, announced today that it will release its financial results for the first quarter 2026 on Thursday, May 14, 2026, and will host an earnings conference call at 8:30 a.m. Eastern Time the same day. A live webcast of the conference call will be available on the Bullish Investor Relations website at investors.bullish.com. A repl.