Bullish gains on swinging to quarterly profit, Oppenheimer cites tokenization push

Bullish

13/08/2026 18:26

 
** Shares of cryptocurrency exchange Bullish BLSH.N rise 7.3% to $26.4
** Reports Q2 adjusted net income of $14.3 million vs net loss of $6 million a year ago and adjusted revenue of $92.6 million vs $57 million 
** Equiniti deal shifts BLSH from an exchange with blockchain add‑ons to a full-stack tokenization infrastructure platform, adding durable recurring revenue and reducing reliance on trading volumes - Oppenheimer
** In May, the Peter Thiel-backed exchange bought transfer agent Equiniti in a deal valued at $4.2 billion 
** "We believe BLSH is well positioned to benefit from accelerating tokenization tailwinds and improving regulatory clarity" - Brokerage
** Including session's move, stock down 31.5% YTD 
     
     

(Reporting by Pragyan Kalita in Bengaluru)
((Pragyan.Kalita@thomsonreuters.com;))