Crypto Gets Its Big Girl Pants: Bullish IPO To Hit $5B & Beyond! 🚀💸

by

Hold onto your Bitcoin wallets, folks! Peter Thiel’s favorite playground, Bullish, just dropped a bombshell-cranking up its IPO plans from “meh” to “whoa” with a goal of a stunning $5 billion. Yes, five. Billion. 💥

According to an SEC filing (because nothing screams “trust us” like government paperwork), this shiny new crypto darling plans to peddle 30 million shares, priced between $32 and $33. Market valuation? A modest $4.8 billion-just a small coffee budget for the crypto crowd, right?

Oh, but wait-this isn’t the company’s first rodeo. Nope. Just a few months ago, Bullish was eyeing 20.3 million shares at a cheaper range ($28-$31), aiming for a “tiny” valuation of $4.2 billion. Now? They’re feeling a bit more *big time*. 🤑

Bullish Crypto Exchange Sets IPO Plans (And It’s Not Little League)

Led by former NYSE boss Tom Farley (because why not throw some stock-exchange glam into crypto?), Bullish handed its underwriters a 30-day sweet deal to sell an extra 4.5 million shares. And oh, they’ll be listed on the NYSE under “BLSH.” Because what’s more exciting than crypto and Wall Street colliding? Nothing, obviously.

Big names like BlackRock and Cathie Wood’s ARK are eyeing up to $200 million worth of shares-because even the biggest players want a piece of the digital pie. And the trend? Investors have suddenly remembered they *like* crypto-sometimes you gotta chase the hype, folks. 💁‍♀️

Crypto Goes Public-Because Everyone Wants A Slice

Back in 2021, during the *year of the bull* (because apparently hypebeats reality), Bullish was just getting started. Now they’re planning to turn some IPO cash into stablecoins-because nothing screams “stability” quite like pegging your hopes to the US dollar, with a side of crypto regulation optimism. Thanks, President Trump, for the GENIUS Act-because what’s better than a law that helps stablecoins actually do something?

Meanwhile, despite dreaming big, Bullish reported a staggering $349 million loss in Q1-so much for making money in crypto, huh? Last year, they were flush with $105 million profit. Progress?

Joining the IPO club are other crypto giants-Mike Novogratz’s Galaxy Digital just snazzed up to Nasdaq, eToro is now a public kid, and BitGo along with Gemini are quietly lining up. It’s like the Hollywood of crypto listings, but with more “FOMO.”

Meanwhile, the total crypto market cap hit an all-time record of $4 trillion (because why not?). Bitcoin nudged past $120,000 again-making your grocery bill look cheaper. But don’t get too comfy-market’s settled back to around $3.93 trillion, which is basically what your ex owes you in emotional baggage.

Read More

2025-08-12 12:34