Bullish Shares Skyrocket 150% in $1.1 billion NYSE Debut

- Cryptocurrency firm Bullish (BLSH) begins NYSE trading with a 150% surge in share value. - Raises $1.11 billion ahead of IPO, signaling strong institutional demand for digital assets. On August 13, 2025, cryptocurrency firm Bullish (BLSH) made a remarkable debut on the New York Stock Exchange (NYSE), with The Block reporting that the company's shares soared over 150% above their IPO price. This milestone underscores the growing investor interest in the digital asset sector. Ahead of trading, the company, backed by billionaire investor Peter Thiel, raised $1.11 billion through its IPO by pricing 30 million shares at $37 each, exceeding its initial range of $32 to $33. During its debut session, the stock opened at $90 and reached an intraday high of $118 before trading at $93.83 at one point, which pushed its initial market valuation to $5.4 billion. Bullish specializes in serving institutional clients and has processed over $1.25 trillion in trades since its 2021 inception, and its NYSE debut highlights an ongoing trend of crypto companies pursuing public listings. For instance, Circle Internet Financial (CRCL), issuer of the USDC stablecoin, went public in June and also experienced substantial share price growth. In addition, other players like Gemini and Grayscale have filed for IPOs, moves that reflect the consistent rise in institutional engagement with cryptocurrencies. According to market data on August 14, at 02:45 UTC, USDC (USDC) was trading at $1, and its 24-hour trading volume showed a change of -0.006%.