22,980 Shares in Bullish $BLSH Acquired by BIT Capital GmbH

BIT Capital GmbH acquired a new stake in Bullish (NYSE:BLSH) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 22,980 shares of the company’s stock, valued at approximately $1,462,000.

A number of other institutional investors also recently modified their holdings of the company. Massachusetts Financial Services Co. MA bought a new position in shares of Bullish in the 3rd quarter worth $92,824,000. Sumitomo Mitsui Trust Group Inc. bought a new stake in shares of Bullish during the third quarter worth about $91,782,000. Stephens Investment Management Group LLC acquired a new stake in shares of Bullish in the 3rd quarter worth about $27,080,000. Exchange Traded Concepts LLC bought a new position in Bullish in the 3rd quarter valued at about $10,423,000. Finally, JPMorgan Chase & Co. acquired a new position in Bullish during the 3rd quarter valued at about $9,864,000.

More Bullish News

Here are the key news stories impacting Bullish this week:

• Positive Sentiment: Viking Global made a $157M bet on Riot Platforms, signaling renewed institutional appetite for crypto-related assets — a tailwind for crypto exchanges and trading platforms like Bullish. Viking Global Makes $157 Million Bet On Riot Platforms, Signals Bullish Crypto Outlook
• Positive Sentiment: High-profile commentary remains pro-Bitcoin (Eric Trump reiterated a $1M target), which can lift trading volumes and investor interest in crypto platforms — supportive for Bullish’s growth narrative. Eric Trump Says He’s ‘Never Been More Bullish On Bitcoin,’ Reiterates $1 Million Target
• Neutral Sentiment: Stifel reaffirmed a bullish call on Nvidia after an expanded Meta deal — a broader AI/tech rally can improve market risk appetite, but the direct impact on a crypto exchange like Bullish is indirect. “Powerful AI Alliance”: Stifel Analyst Renews Bullish Call on Nvidia Stock (NVDA) after Expanded Meta Deal
• Neutral Sentiment: Benzinga pieces reporting increased Wall Street bullishness on Nvidia ahead of earnings reflect stronger sentiment in tech — supportive for risk assets broadly but not specific to Bullish’s fundamentals. Why Wall Street Is Turning More Bullish On Nvidia Ahead Of Earnings
• Neutral Sentiment: Microsoft insider buying ($1.98M) is a small positive signal for large-cap tech confidence; it may help general market sentiment but is unlikely to move Bullish’s fundamentals. Microsoft (MSFT) Key Insider Buys $1.98M in Stock — Bullish Signal for Investors?
• Neutral Sentiment: Opinion pieces urging investors to “stay bullish on AI” bolster the narrative that tech-driven risk appetite could sustain flows into growth assets; again, this is indirect for Bullish but supportive of investor risk-on behavior. Forget the Noise: Here’s Why I’m Still Bullish on AI Stocks for 2026

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BLSH. Canaccord Genuity Group cut their target price on Bullish from $68.00 to $50.00 and set a “buy” rating on the stock in a research report on Monday, November 24th. JPMorgan Chase & Co. cut their price objective on shares of Bullish from $42.00 to $41.00 and set a “neutral” rating on the stock in a report on Friday, February 6th. Weiss Ratings reiterated a “sell (d)” rating on shares of Bullish in a report on Monday, December 29th. Deutsche Bank Aktiengesellschaft raised shares of Bullish from a “hold” rating to a “buy” rating and reduced their price objective for the stock from $52.00 to $51.00 in a research report on Wednesday, November 19th. Finally, Wall Street Zen cut shares of Bullish from a “hold” rating to a “sell” rating in a research report on Sunday, February 15th. Five analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Bullish presently has a consensus rating of “Hold” and an average price target of $52.08.

Bullish Stock Up 1.5%

Bullish stock opened at $32.34 on Friday. The company’s 50 day moving average is $36.84. The company has a quick ratio of 27.69, a current ratio of 29.28 and a debt-to-equity ratio of 0.15. Bullish has a twelve month low of $24.79 and a twelve month high of $118.00. The company has a market cap of $4.73 billion and a P/E ratio of 323.38.

Bullish (NYSE:BLSH) last posted its quarterly earnings data on Thursday, February 5th. The company reported ($3.73) EPS for the quarter, missing the consensus estimate of $0.16 by ($3.89). Bullish had a negative net margin of 0.95% and a negative return on equity of 10.58%. The firm had revenue of $92.50 million during the quarter. During the same quarter last year, the firm posted $1.37 EPS. The company’s revenue was up 67.6% compared to the same quarter last year.

Bullish Company Profile

Bullish (NYSE: BLSH) is a company that develops and operates digital asset market infrastructure, including a cryptocurrency trading platform and related technology services. The firm’s stated activities focus on providing exchange services, market structure and trading technology designed to support the listing, execution and clearing of digital assets. Bullish positions itself as a bridge between traditional capital markets practices and the evolving cryptocurrency ecosystem.

The business was announced in connection with Block.one, the software developer known for its work on the EOS blockchain, and was formed with the intent of creating a regulated, institutional-grade marketplace for digital assets.