前纽交所总裁带领Bullish冲刺美股：手握2.4万枚比特币，估值300亿

Core Insights - Bullish, a digital asset exchange operator backed by Peter Thiel, is preparing for an IPO on the NYSE with a valuation of approximately $4.2 billion, aiming to raise up to $629 million by offering 20.3 million shares at a price range of $28 to $31 [1][2][3] Financial Overview - As of March 31, 2025, Bullish reported over $3 billion in liquid assets, including 24,000 Bitcoin and 12,600 Ethereum, alongside $418 million in cash and stablecoins [3] - The company experienced significant trading volume growth, with Bitcoin trading volume reaching $108.6 billion in Q1 2025, a 36% increase from the previous year [20] - Bullish's digital asset sales are projected to grow from $72.89 billion in 2022 to $250.2 billion in 2024, with net income shifting from a loss of $4.25 billion in 2022 to a profit of $79.56 million in 2024 [21][24] Market Position and Strategy - Bullish focuses on institutional investors, providing a range of products and services to enhance their operations in the digital asset space [13][19] - The company has expanded its offerings through acquisitions, including CoinDesk in 2023 and CCData in 2024, enhancing its data and information services capabilities [15][17] - Bullish operates under multiple Tier 1 regulatory licenses, ensuring compliance and facilitating a global trading environment [52] Recent Developments - The company has seen a surge in trading volumes and has established a strong market presence, with a reported total trading volume of $758 billion in Q1 2025 [32][35] - Bullish's management team, led by CEO Thomas W. Farley, has a history of creating shareholder value and is focused on sustainable growth [59][60] Shareholder Structure - Major shareholders include Brendan F. Blumer, who holds 36.3% of Class A shares, and Peter Thiel, a significant backer of the company [26][27]