The shares of Bullish (NYSE: BLSH), the crypto platform backed by PayPal co-founder and venture capitalist Peter Thiel, sank on Nov. 19 despite beating revenue estimates in the third quarter of the year. Founded in 2020, Bullish is a Cayman Islands-based hybrid crypto trading platform for institutional clients. Five years later, the company went public through an initial public offering (IPO) in August 2025. Related: Crypto stock jumps over 100% after IPO debut The company reported the financial results ...