Welcome to our dedicated page for Bullish SEC filings (Ticker: BLSH), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Bullish (BLSH) filings document foreign private issuer current reports and exhibits for an institutionally focused digital asset platform. Form 6-K reports furnish monthly metrics packages, earnings releases, and presentations covering trading volume, average trading spread, Bitcoin and Ethereum volatility measures, operating results, and capital-structure disclosures.
The filings also describe Bullish Exchange, Bullish Europe’s MiCAR-regulated spot trading and custody services, and CoinDesk’s indices, data, media, insights, and events businesses. Disclosure categories include material-event reports, governance matters, material agreements, shareholder voting matters, and financial and operating results.
Bullish, an institutionally focused digital asset platform, reported weak IFRS results but stronger adjusted performance for the quarter and six months ended June 30, 2026. For Q2 2026, the company posted a net loss of about $279.97M, versus net income of about $108.27M a year earlier, driven largely by a $181.51M impairment of digital asset intangibles and other fair value losses. For the first half of 2026, the net loss widened to roughly $884.84M from about $240.35M.
On a non-IFRS basis, performance improved. For the six months, adjusted revenue rose to about $185.42M from $119.40M, and adjusted EBITDA increased to roughly $64.69M from $21.25M. Adjusted net income turned positive at about $34.61M, compared with an adjusted net loss of roughly $3.78M a year earlier, supported by record subscription, services and other revenue of $62.7M in Q2. Liquidity remains substantial but declined: gross liquid assets were $2.81B and net liquid assets $2.10B at June 30, 2026, down from $3.72B and $2.86B at year-end 2025.
Bullish reports that several market participants have executed trades in tokenized shares of its own stock (BLSH) on Bullish Exchange, settling against a USD stablecoin. This represents the first trading of tokenized equity on a Gibraltar Financial Services Commission-regulated digital asset exchange.
The tokens are issuer-sponsored and recorded at the share registry level, giving holders direct equity ownership and the same legal standing as conventional shareholders. Bullish links this launch to foundations laid in 2026, including GFSC approval to offer tokenized securities trading and a pending $4.2 billion agreement to acquire Equiniti, a global transfer agent and registry provider.
With Bullish’s exchange, Equiniti’s registry platform, and regulatory approvals, the company aims to provide a regulated end-to-end venue for tokenized securities covering issuance, registry, and 24/7 trading with near-instant settlement. Liquidity at launch is being supported by Wintermute and several institutional trading firms.
FMR LLC reported beneficial ownership of 10,456,240 shares of BULLISH common stock, representing 7.0% of the class. FMR LLC has sole voting power over 10,440,579 shares and sole dispositive power over 10,456,240 shares.
Abigail P. Johnson is reported with sole dispositive power over the same 10,456,240 shares, but no sole or shared voting power. One or more other persons may receive dividends or sale proceeds from these shares, but no such person holds more than five percent of the outstanding common stock.
Bullish, an institutionally focused global digital asset platform, released its July 2026 monthly operating metrics, covering trading volumes, average trading spreads and volatility measures for Bitcoin (BTC) and Ethereum (ETH). The data are unaudited, preliminary for the current quarter and intended to complement quarterly and annual results.
In July 2026, total trading volume was $30.7 billion, including total spot volume of $29.1 billion across BTC ($16.7 billion), ETH ($3.0 billion), stablecoins ($7.3 billion) and other assets ($2.2 billion). Perpetual trading volume was $1.5 billion. The overall average trading spread was 2.62 bps, with spot at 2.71 bps, options at 1.09 bps and perpetual at 1.21 bps. Monthly average annualized volatility was 32 % for BTC and 44 % for ETH. Bullish also reiterates that investors can access detailed metric definitions and historical packages via its investor relations website and X account.
Bullish, an institutionally focused global digital asset platform listed on the NYSE, plans to release financial results for the second quarter 2026 on Thursday, August 13, 2026, and will host an earnings conference call at 8:30 a.m. Eastern Time that day.
The company calculated fully diluted outstanding shares of 160,673,515 using a Q2 2026 average share price of $34.771, and 159,641,222 using the June 30, 2026 closing price of $23.43. The call will be webcast live on the Bullish investor relations website with a replay available afterward.
Bullish operates regulated digital asset trading and custody businesses, including Bullish Exchange and Bullish Europe, and is the parent of CoinDesk, which provides digital asset indices, market data, media, and events.
Bullish (NYSE: BLSH) reports that an affiliate of Siris has exercised a previously disclosed option to acquire three non-core Equiniti business lines: EQ Retirement Solutions, EQ Customer Resolutions and Lenvi. The financial results of these non-core businesses have been excluded from all Equiniti transaction disclosures.
Bullish also states that its planned $4.2 billion acquisition of Equiniti has received necessary competition law clearances from the United Kingdom, the United States and Germany. The transaction, which would combine Equiniti’s issuer services platform with Bullish’s blockchain-native infrastructure and CoinDesk’s media and data capabilities, remains subject to remaining regulatory approvals and customary closing conditions, with closing expected in January 2027.
Bullish released unaudited monthly metrics for June 2026, reporting total trading volume of $50.9 billion, mostly from spot markets at $45.5 billion. Spot Bitcoin led with $26.9 billion in volume, followed by Ethereum and stablecoins.
The overall average trading spread was 2.56 basis points, indicating the average fees and trading costs on the platform. Monthly average volatility was 47% for Bitcoin and 67% for Ethereum, based on CoinDesk Data indices. Management notes these figures are preliminary, unaudited and may differ from final quarterly results filed with the SEC.
Bullish reported that the Gibraltar Financial Services Commission has approved its platform to offer trading in issuer-sponsored tokenized securities. This positions Bullish as one of the first regulated venues for these products and targets eligible non-U.S. investors within Gibraltar’s supervisory framework.
The company links this approval to its strategy of building end-to-end infrastructure for tokenized securities. In May 2026, Bullish agreed to acquire Equiniti, a global transfer agent serving nearly 3,000 issuers and over 20 million shareholders, aiming to connect issuance, registry, and secondary trading on blockchain-based rails.
Trading in tokenized securities is expected to go live in the coming weeks, subject to pre-go-live conditions and ongoing work with the Gibraltar regulator. Bullish highlights potential benefits such as 24/7 trading, near-instant settlement, and more transparent issuer–shareholder relationships, while cautioning that these plans remain subject to regulatory and integration risks.
Bullish, an institutionally focused digital asset platform, released unaudited monthly metrics for May 2026. The report covers trading volume across spot, options and perpetual futures, average trading spreads and volatility for Bitcoin and Ethereum.
For May 2026, total trading volume was $32.9 billion, including $30.0 billion in total spot activity. The overall average trading spread was 2.23 basis points, indicating the average fee level relative to traded volume. Monthly average volatility was 28% for BTC and 36% for ETH, measuring how much prices moved during the period.
The company reiterates that these figures are unaudited and preliminary for the current quarter and should be considered alongside its latest quarterly and annual results and other SEC filings available on its investor relations website.
Bullish reports that 916.Investments Pte. Ltd., Nine One Six Limited and Alexander See each beneficially own 9,864,857 ordinary shares, representing 6.5% of outstanding ordinary shares.
The filing states 916.Investments Pte. Ltd. is the direct owner; Nine One Six Limited is the sole shareholder of 916 and an indirect beneficial owner; Alexander See is a controlling person and is deemed to share voting and dispositive power over the same 9,864,857 shares. The Schedule lists shared voting power and shared dispositive power of 9,864,857 and shows zero sole voting or dispositive power for each reporting person. Signatures by Alexander See are dated 05/20/2026.