Following in Circle’s footsteps, crypto platform Bullish’s shares jumped more than 150% in their debut on Wednesday.
Ahead of trading on the New York Stock Exchange, Bullish had reportedly already raised $1.11 billion, pricing 30 million shares at $37. That was above the previously established range of $32–$33. Tech billionaire Peter Thiel is one of Bullish’s key backers.
Bullish’s shares were trading at $93.83 as of 1:58 p.m. ET, a more than 150% gain, according to Yahoo Finance.
The firm’s thus-far successful IPO comes after Circle Internet Group, issuer of the USDC stablecoin, debuted on the NYSE and saw its shares leap more than 500%. Multiple other firms deeply invested in digital assets are also keen to raise additional capital by going public. Those companies include Mike Cagney’s Figure Technology, Grayscale, and BitGo.
Bullish confidentially filed for an IPO in June. JPMorgan and Jeffries worked as lead underwriters on the deal.
Demand for crypto-related equity investments is perhaps stronger than ever. Looking to capitalize on the wave, several token projects have participated in forming digital asset treasury (DAT) companies by transforming Nasdaq- or NYSE-listed companies into crypto accumulation machines.
U.S. capital markets have been generally bullish on crypto since President Donald Trump took office and began installing an administration eager to grow the digital assets industry.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
