Welcome to our dedicated page for Bullish news (Ticker: BLSH), a resource for investors and traders seeking the latest updates and insights on Bullish stock.
Bullish (BLSH) operates an institutionally focused global digital asset platform that provides regulated market infrastructure and information services. Its business includes Bullish Exchange, a digital assets spot and derivatives exchange that integrates a high-performance central limit order book matching engine with automated market making, and Bullish Europe, a MiCAR-regulated crypto asset service provider offering spot trading and custody services for digital assets.
Recurring news covers monthly platform metrics such as trading volume, average trading spread, and Bitcoin and Ethereum volatility; quarterly financial results; regulatory matters for digital asset market infrastructure; and CoinDesk media, events, indices, data, and insights, including Consensus conference updates.
Elemental Royalty (ELE) has declared a quarterly dividend of US$0.03 per common share, equivalent to US$0.12 per share for the 2026 fiscal year, payable to shareholders of record as of September 30, 2026 and expected to be distributed on or about October 15, 2026.
Qualified registered shareholders may elect to receive their cash dividend, net of expenses and withholding taxes, “in kind” in Tether Gold XAU₮ tokens under the company’s Dividend Election Alternative. Election forms must be received by Elemental in Vancouver by September 24, 2026, and token amounts will be determined by dividing each participant’s net dividend by the LBMA Gold Price (PM) in US dollars on the last trading day before the record date.
Bullish (BLSH) reported August 2026 monthly metrics, including trading volumes, average trading spreads and volatility for BTC and ETH.
Total trading volume in August 2026 was $42.5 billion, up from $30.7 billion in July 2026 (approximately 38% higher), but below the $48.8 billion recorded in August 2025 (about 13% lower). Total spot volume reached $35.8 billion, rising from $29.1 billion in July 2026 (around 23% higher) and down from $44.3 billion a year earlier. Options volume increased to $4.7 billion from $0.2 billion in July 2026, while perpetual futures volume was $2.0 billion versus $1.5 billion in July and $4.6 billion in August 2025.
The average trading spread across products was 2.13 bps, down from 2.62 bps in July 2026 and slightly below 2.25 bps in August 2025. BTC annualized volatility averaged 30% in August 2026, and ETH volatility averaged 39%, both lower than July 2026 and August 2025. The company said the metrics are unaudited, preliminary for the current quarter and may differ from final SEC-filed results.
Bullish (NYSE: BLSH) announced a strategic entry into middle-market AI infrastructure financing by providing a $100 million stablecoin-based liquidity facility to USD.AI. The facility will support USD.AI's on-chain GPU financing ecosystem, enabling non-recourse, asset-backed loans secured by high-performance computing infrastructure.
Powered by Bullish Exchange liquidity, the initiative includes onboarding sUSDai across multiple trading pairs with a dedicated market-making program, aimed at improving secondary liquidity and price discovery for GPU-backed debt. Bullish and USD.AI will also expand joint research on capital formation models for AI CapEx, linking on-chain liquidity to growing AI compute demand.
Bullish (NYSE: BLSH) reported Q2 2026 digital asset sales of $32.6 billion, down from $58.6 billion in Q2 2025, and an IFRS net loss of $(280.0) million, or $(1.78) per diluted share, versus net income of $108.3 million a year earlier.
Non‑IFRS metrics improved: adjusted revenue rose to $92.6 million from $57.0 million, adjusted EBITDA to $29.5 million from $8.1 million, and adjusted net income to $14.3 million from a $(6.0) million loss. Subscription, services and other revenue reached a record $62.7 million, supporting a diversified model amid softer trading.
Business highlights included progress toward the proposed Equiniti acquisition (expected close in early 2027, subject to conditions), Morgan Stanley launching BTC, ETH and SOL products using CoinDesk indices with over $400 million in Q2 inflows, GFSC approval for tokenized securities trading, and record Consensus events. Bullish refined 2026 guidance, targeting non‑IFRS subscription, services & other revenue of $225–$245 million, adjusted operating expenses of $225–$230 million, and finance expense of $52–$60 million.
Bullish (NYSE: BLSH) has launched trading of its issuer-sponsored tokenized shares on Bullish Exchange, settled against a USD stablecoin. These BLSH tokens are recorded at the share registry level, giving holders direct equity ownership with the same legal standing as conventional shareholders.
The trades represent the first tokenized equity activity on a Gibraltar Financial Services Commission-regulated digital asset exchange. The launch builds on GFSC approval in June 2026 to offer tokenized securities and Bullish’s pending $4.2 billion acquisition of transfer agent Equiniti, aiming to link issuance, registry and 24/7 trading with near-instant settlement.
Bullish (NYSE: BLSH) reported unaudited monthly metrics for July 2026, covering trading volumes, average trading spreads and Bitcoin/Ethereum volatility across its spot, options and perpetual futures products. Total trading volume was $30.7 billion, down from $50.9 billion in June 2026 and $53.8 billion in July 2025.
Total spot volume reached $29.1 billion, versus $45.5 billion in June 2026. July 2026 spot volumes included $16.7 billion in BTC, $3.0 billion in ETH, $7.3 billion in stablecoins and $2.2 billion in other assets. Options volume was $0.2 billion and perpetual futures volume $1.5 billion. The overall average trading spread increased to 2.62 bps, compared with 2.56 bps in June 2026 and 1.52 bps in July 2025. Monthly average volatility in July 2026 was 32% for BTC and 44% for ETH, both lower than in June 2026. According to Bullish, these metrics are preliminary for the current quarter and may differ from final SEC-reported results; full definitions and historical data are available on its investor relations website.
Bullish (NYSE: BLSH) will release its second quarter 2026 financial results on Thursday, August 13, 2026, and host an earnings conference call at 8:30 a.m. Eastern Time the same day, with a live webcast and replay available on its Investor Relations website.
Bullish has calculated fully diluted outstanding shares of 160,673,515 based on a Q2 2026 average share price of $34.77, and 159,641,222 fully diluted shares based on the June 30, 2026 closing price of $23.43. The company also highlights its regulated digital asset exchange and its CoinDesk media and data businesses.
Siris will retain ownership of EQ Retirement Solutions (EQRS), EQ Customer Resolutions (EQCR) and Lenvi when Equiniti is sold to Bullish (NYSE: BLSH). Siris has exercised its option under its previously announced agreement to sell Equiniti to Bullish.
The carve-out transaction, covering businesses that serve UK pension schemes, financial institutions and corporate clients, is expected to close in parallel with Equiniti’s sale to Bullish in January 2027, subject to customary conditions and regulatory approvals. EQRS supports over 10 million members and processes about £10 billion in annual pension payments. Lenvi’s platform manages more than £100 billion of credit assets for over 150 lenders. Siris, which has owned Equiniti since 2021, plans continued investment in technology, including AI-enabled administration, onboarding capacity and member experience, under renewed dedicated ownership.
Bullish (NYSE: BLSH) announced that an affiliate of Siris has exercised its option to acquire three non-core Equiniti business lines: EQ Retirement Solutions, EQ Customer Resolutions and Lenvi. The parties expect to negotiate definitive carve-out documents in parallel with the closing of Bullish’s previously announced Equiniti acquisition, targeted for January 2027, subject to customary conditions and remaining regulatory approvals.
Bullish also reported that its planned $4.2 billion acquisition of Equiniti has obtained required competition law clearances in the UK, US and Germany. According to Bullish, Equiniti’s issuer relationships and transfer agent infrastructure are expected to be combined with Bullish’s tokenization platform and CoinDesk’s media, data and research capabilities, once the transaction closes.
Bullish (NYSE: BLSH) appointed Thomas Cowan as Head of Tokenization, tasking him with leading tokenization strategy across its regulated exchange, CoinDesk data and index services, and, upon completion of a pending deal, Equiniti’s global transfer agent and registry capabilities.
The move follows Bullish’s agreement in May 2026 to acquire Equiniti in a $4.2 billion transaction expected to close in January 2027, subject to customary conditions and regulatory approvals, and June 2026 approval from the Gibraltar Financial Services Commission to offer tokenized securities trading to eligible non-U.S. investors.