Peter Thiel-Backed Bullish Targets $4.82B Valuation Amid Crypto Market Optimism
Key Notes
- The digital asset platform targets institutional clients and secured $200M in commitments from BlackRock and ARK Investment.
- Bullish’s public debut follows Trump’s GENIUS Act passage, creating federal stablecoin frameworks that encourage crypto IPO activity.
- This represents a 52% discount from their abandoned 2022 SPAC attempt, reflecting more realistic market pricing today.
Bullish, a digital asset exchange backed by Peter Thiel, has officially increased its initial public offering size, aiming for a $4.82 billion valuation, up from $4.2 billion last week, on the New York Stock Exchange under the ticker “BLSH.” The company updated SEC filings on Monday, indicating it will raise up to $990 million by…
