Oh look, another crypto company wants to dance with the big boys on the stock market floor. Bullish Global, with a little help from Mr. Moneybags Peter Thiel, is reportedly mulling over an IPO. But don’t get your hopes up just yet, folks, nothing’s set in stone. 🗿
Why the sudden interest? Well, word on the street is that Trump might actually start playing nice with digital assets. Imagine that! With his potential admin advocating for crypto love, institutional investors are like kids at a candy store. 🍬
Bullish, born in 2021, is like the cool kid at school who owns all the latest gadgets. They operate a crypto trading platform and even bought CoinDesk, a big-name crypto media outlet, because why not? 💸
Starting with a fat wallet of $10 billion in digital assets and cash, Bullish is the rich kid with deep pockets. Block.one, its parent company, is known for creating the EOSIO blockchain and that monster ICO that raised $4 billion. Oh, and let’s not forget the $24 million slap on the wrist from the SEC.Oops! 🙊
Bullish has some serious heavy hitters backing it up, like Thiel, Alan Howard, Louis Bacon, Richard Li, and even Japan’s banking behemoth Nomura. Thiel’s venture capital firm is also into some other cool blockchain stuff, because apparently, he’s got a thing for all things Web3. 🕸️
This isn’t Bullish’s first rodeo with the whole going-public thing. They tried the SPAC route in 2021 but bailed. Now, with the market looking sunny and regulations possibly getting their act together, Bullish is ready for round two. 🥊
So, is Bullish about to become the next big thing in crypto? With talks still in the early stages and more banks possibly joining the party, it’s anyone’s guess. But one thing’s for sure, if they do go public, they’ll be the cool kid on the stock market block. 🌟
As for comments from Bullish, Block.one, and Jefferies Financial Group? Crickets. 🦗
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2025-02-05 09:57