Bullish
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Company type | Public |
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| Headquarters | George Town, Cayman Islands |
Key people | Thomas W. Farley, Chair & CEO David W. Bonanno, CFO |
| Products | Cryptocurrency exchange |
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| Total assets | Script error: No such module "WikidataIB". |
| Total equity | Increase US$3.216 billion (2025) |
| Owner | Brendan Blumer (25.89%) Kokuei Yuan (24.09%) Thomas W. Farley (3.45%) Andrew C. Bliss (3.34%) David W. Bonanno (1.23%) |
Number of employees | Script error: No such module "WikidataIB". |
| Subsidiaries | CoinDesk |
| Website | bullish |
| Footnotes / references [1] | |
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Bullish is a Caymanian cryptocurrency exchange and blockchain technology company headquartered in George Town, Cayman Islands.[1] The company provides infrastructure and services for the trading of digital assets through the Bullish Exchange platform, which is licensed in Germany, Hong Kong, Gibraltar, and New York State.
History
Bullish was founded in 2020 in Hong Kong by Brendan Blumer, who had previously launched Block.one.[2] It began its operations in May 2021.[2] The company was initially seeded by Block.one with 164,000 Bitcoins valued at around Template:US$, Template:US$ in cash, and 20 million EOS.IO tokens. It also raised Template:US$ from investors including Peter Thiel, Alan Howard, Louis Bacon, Christian Angermayer, and Richard Li.[3]
Bullish was incorporated in the Cayman Islands on June 22, 2021.[4]
In 2021, Bullish announced plans to become a public company through a Template:US$ merger with a special-purpose acquisition company (SPAC); however, the deal was canceled in December 2022 after the SPAC was unable to secure the necessary approvals.[2]
In November 2023, the company acquired CoinDesk for approximately Template:US$.[5]
In August 2025, Bullish became a public company via an initial public offering (IPO), raising Template:US$.[6]
In May 2026, Bullish agreed to acquire transfer agent Equiniti from Siris Capital for $4.2 billion, including $1.85 billion of assumed debt and $2.35 billion in Bullish stock.[7][8]
See also
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References
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- ^ a b Page Module:Citation/CS1/styles.css has no content."Bullish Form 20-F 2025 Annual Report". United States Securities and Exchange Commission. March 10, 2026.
- ^ a b c Page Module:Citation/CS1/styles.css has no content.Ossinger, Joanna (December 22, 2022). "Thiel-Backed Bullish Scraps Crypto SPAC Deal Set at $9 Billion". Bloomberg News.
- ^ Page Module:Citation/CS1/styles.css has no content.Henning, Eyk (May 12, 2021). "Peter Thiel, Alan Howard, Richard Li invest in new crypto exchange Bullish". Fortune. Bloomberg News.
- ^ Page Module:Citation/CS1/styles.css has no content."Bullish Form F-1". U.S. Securities and Exchange Commission. July 18, 2025.
- ^ Page Module:Citation/CS1/styles.css has no content.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 – via Yahoo Finance.
- ^ Page Module:Citation/CS1/styles.css has no content.Driebusch, Corrie; Huang, Vicky (August 13, 2025). "Bullish's Stock Soars in Latest Test for IPO Market". The Wall Street Journal.
- ^ Page Module:Citation/CS1/styles.css has no content.Huang, Vicky Ge (May 5, 2026). "Crypto Exchange Bullish Strikes $4.2 Billion Deal for Transfer Agent in Tokenization Push". The Wall Street Journal.
- ^ Page Module:Citation/CS1/styles.css has no content."Crypto exchange Bullish to buy Equiniti for $4.2 billion in capital markets push". CNBC. Reuters. May 5, 2026.
External links
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