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₿1 = $71,145.80 0.92%
Bullish Inc.

Bullish Inc.

BLSH🇰🇾Reserve
$36.62 1.05%
As of March 14, 2026 at 04:23 UTCMarket Closed

Operates Bullish Exchange, an institutionally focused digital assets spot and derivatives exchange, and CoinDesk, a leading crypto media and indices platform. Held BTC on balance sheet prior to August 2025 NYSE IPO.

Operates a cryptocurrency exchange and media business (CoinDesk). BTC holdings relate to exchange operations, not a debt-to-BTC strategy.

Reserves

BTC Reserve
24,300 BTC
Fiat Reserve
87.89M USD
Total Reserve
1.82B USD
Shares outstanding
150.30M

Key Metrics

Total outstanding
505.60M USD
Market cap
5.50B USD
mNAV
3.18x 0.13%
Amplification
27.8%
Leverage
27.8%
Avg-weighted maturity
In-the-money
Dilution if full conversion
0.0%

BTC Price & Analytics

Convertibles(0)
No active convertibles.
Preferred instruments(0)
No active Preferreds.
Other debt(1)
BLSH-SPV
Matures
Outstanding
505.60M USD
Total other debt outstanding
505.60M USD