Company:Bullish
| Type | Public |
|---|---|
| Industry | Cryptocurrency |
| Founded | 2020 |
| Founders | Brendan Blumer |
| Headquarters | George Town, Cayman Islands |
Key people | Thomas W. Farley, Chair & CEO David W. Bonanno, CFO |
| Products | Cryptocurrency exchange |
| Revenue |  US$80.256 billion (Q1 2025) |
| -US$343 million (Q1 2025) | |
| Total assets | US$2.664 billion (2025) |
| Total equity | US$1.963 billion (2025) |
| Owner | Brendan Blumer (35.5%) Kokuei Yuan (31.4%) Andrew C. Bliss (4.3%) Thomas W. Farley (4%) |
Number of employees | 400 (2024) |
| Subsidiaries | CoinDesk |
| Website | bullish |
| Footnotes / references [1] | |
Bullish, headquartered in George Town, Cayman Islands, provides infrastructure and services related to digital assets and blockchain technology.[1]
The company operates Bullish Exchange, a cryptocurrency exchange licensed in Germany, Hong Kong, Gibraltar, and New York State. As of March 2025, it had processed $1.25 trillion in transactions, including $284.8 billion in Bitcoin transactions and $144.5 billion in Ethereum transactions processed in 2024.[1] The company also owns CoinDesk.[1] As of March 2025, it also owned 24,000 Bitcoins.[1]
History
The company was founded in 2020 by Brendan Blumer, who had launched Block.One.[2]
Operations were launched in May 2021.[2] At that time, the company was seeded by Block.One with 164,000 Bitcoins valued at around $9.7 billion, $100 million in cash, and 20 million EOS.IO tokens, which power Block.one transactions. The company also raised $300 million from investors including Peter Thiel, Alan Howard, Louis Bacon, Christian Angermayer and Richard Li.[3]
The company was organized in the Cayman Islands on June 22, 2021.[1]
In 2021, the company planned to became a public company via a $9 billion merger with a special-purpose acquisition company (SPAC); however, the plan was rescinded in December 2022 after the SPAC did not have enough time to obtain approvals.[2]
In November 2023, the company acquired CoinDesk for approximately $75 million.[4]
In August 2025, the company became a public company via an initial public offering, raising $1.1 billion.[5]
See also
References
- ↑ 1.0 1.1 1.2 1.3 1.4 1.5 "Bullish Form F-1". U.S. Securities and Exchange Commission. July 18, 2025. https://www.sec.gov/Archives/edgar/data/1872195/000110465925069070/tm2421409-15_f1.htm#tSUM.
- ↑ 2.0 2.1 2.2 Ossinger, Joanna (December 22, 2022). "Thiel-Backed Bullish Scraps Crypto SPAC Deal Set at $9 Billion". Bloomberg News. https://www.bloomberg.com/news/articles/2022-12-22/thiel-backed-bullish-and-far-peak-spac-deal-once-worth-9-billion-scuttled.
- ↑ Henning, Eyk (May 12, 2021). "Peter Thiel, Alan Howard, Richard Li invest in new crypto exchange Bullish". Fortune. Bloomberg News. https://fortune.com/2021/05/12/bullish-exchange-peter-thiel-richard-li-alan-howard/.
- ↑ Schwartz, Leo (February 13, 2024). "Bullish paid close to $75 million to acquire CoinDesk. Here’s what we know about the company and its plans for crypto media". Fortune. https://finance.yahoo.com/news/bullish-paid-close-75-million-170506197.html.
- ↑ Driebusch, Corrie; Huang, Vicky Ge (August 13, 2025). "Bullish’s Stock Soars in Latest Test for IPO Market". The Wall Street Journal. https://www.wsj.com/finance/stocks/bullish-ipo-blsh-stock-5815d8c1.
External links
- Official website
- Business data for Bullish:
Template:Cryptocurrency exchanges
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