{"id":41669,"date":"2025-08-12T09:01:32","date_gmt":"2025-08-12T09:01:32","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=41669"},"modified":"2025-08-12T09:01:32","modified_gmt":"2025-08-12T09:01:32","slug":"bullish-cryptocurrency-exchange-expands-ipo-plans-to-5-billion","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=41669","title":{"rendered":"Bullish Cryptocurrency Exchange Expands IPO Plans To $5 Billion"},"content":{"rendered":"
\n

Peter Thiel-backed cryptocurrency exchange Bullish has announced <\/a>a significant increase in the size of its initial public offering (IPO), aiming to raise approximately $990 million.\u00a0<\/p>\n

According to a recent filing <\/a>with the US Securities and Exchange Commission (SEC), the company plans to offer 30 million shares priced between $32 and $33 each, targeting a market valuation of around $4.8 billion.\u00a0<\/p>\n

This marks a notable shift from its earlier proposal, which included the sale of 20.3 million shares at a lower price range of $28 to $31, with a valuation goal of $4.2 billion.<\/p>\n

Bullish Crypto Exchange Sets IPO Plans<\/h2>\n

Led by former New York Stock Exchange<\/a> (NYSE) president Tom Farley, Bullish has granted its underwriters\u2014comprising JPMorgan, Jefferies, and Citigroup\u2014a 30-day option to sell an additional 4.5 million shares.\u00a0<\/p>\n

Once the new offering is completed, the crypto exchange\u2019s stock will be traded on the New York Stock Exchange under the ticker symbol \u201cBLSH.\u201d<\/p>\n

In a show of confidence, major investment firms such as the world\u2019s largest asset manager, BlackRock, and Cathie Wood\u2019s ARK Investment Management, have expressed interest in acquiring up to $200 million worth of BLSH shares<\/a>.\u00a0<\/p>\n

This interest reflects a broader trend of renewed investor enthusiasm and regulatory support for the cryptocurrency sector under President Donald Trump\u2019s new administration, as evidenced by recent successful market entries, including the notable debut <\/a>of stablecoin issuer Circle (CRLC).<\/p>\n

Joining Crypto Firms On Public Markets<\/h2>\n

The Bullish crypto exchange founded in the \u201cyear of the bull,\u201d 2021, has also outlined plans to convert a significant portion of the initial public offering proceeds into stablecoins<\/a>, collaborating with one or more dollar-pegged cryptocurrency issuers to facilitate this transition.\u00a0<\/p>\n

This decision follows the recent signing <\/a>of the GENIUS Act into law by President Donald Trump. The country\u2019s first crypto bill establishes a new framework for stablecoins to thrive and integrate into the traditional finance sector.<\/p>\n

Despite its ambitious plans and the positive market climate, Bullish reported <\/a>a loss of $349 million for the quarter ending March 31, a stark contrast to the $105 million profit it recorded during the same period last year.\u00a0<\/p>\n

As Bullish prepares for its IPO, it joins a wave of crypto firms entering public markets, including Mike Novogratz\u2019s Galaxy Digital, which recently uplisted to Nasdaq, and eToro, which has opened trading to the public.\u00a0<\/p>\n

Additionally, crypto custody startup BitGo and the Winklevoss-run Gemini crypto exchange have both confidentially filed for US listings, signaling a renewed interest in cryptocurrency investments under a more favorable regulatory environment in the US.\u00a0<\/p>\n

\"Bullish\"<\/p>\n

Amid these developments, the total cryptocurrency market capitalization hit a new record high of $4 trillion on Monday, with Bitcoin (BTC) once again surpassing the $120,000 threshold.\u00a0<\/p>\n

However, despite Monday\u2019s early momentum, the total market cap has since retraced and stabilized at around $3.93 trillion.<\/p>\n

Featured image from DALL-E, chart from TradingView.com\u00a0<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Peter Thiel-backed cryptocurrency exchange Bullish has announced a significant increase in the size of its initial public offering (IPO), aiming to raise approximately $990 million.\u00a0 According to a recent filing with the US Securities and Exchange Commission (SEC), the company plans to offer 30 million shares priced between $32 and $33 each, targeting a market […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-41669","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/41669","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=41669"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/41669\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=41669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=41669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=41669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}