Bullish (BLSH) reported a 14% surge in shares due to record subscription, services, and other revenues reaching $62.7 million:
Second Quarter Loss
The company posted a net loss of $280 million for the second quarter, primarily due to a $244.6 million markdown on its bitcoin holdings:
Subscription and services revenue increased by 62% to $92.6 million, while transaction revenue rose to $29.9 million:
Additionally, Bullish announced the $4.2 billion acquisition of Equiniti, which will aid in expanding into tokenized securities:
