US Stock Market Move | Bullish (BLSH.US) continued to rise by over 10% on its second day of trading, surpassing a market value of $11 billion.

On Thursday, Bullish (BLSH.US) continued to rise by over 10% on its second day of trading, following an 83% increase in price the previous day. It is now trading at $75.32 per share, with a market value exceeding $11 billion. It is reported that Bullish currently operates in over 50 jurisdictions (excluding the United States), primarily providing digital asset trading and liquidity services to institutional clients. In November 2023, it acquired the cryptocurrency media giant CoinDesk for $72.6 million, which attracts nearly 4.9 million unique visitors on average per month in 2024. The company plans to convert part of the IPO proceeds into a stablecoin pegged to the US dollar, in order to enhance trading liquidity and platform expansion. Additionally, as of the end of June, the company holds 24,300 bitcoins and 12,600 ethers.