The digital asset platform Bull signaled the expansion of institutional cryptocurrency investment momentum by publicly submitting a registration application to the Securities and Exchange Commission for listing on the New York Stock Exchange.
According to BitcoinDotCom News on the 20th (local time), Bull is rushing into the public market with a bold NYSE bid, reigniting investor interest and rapidly expanding global ambitions, signaling tremendous momentum for institutional cryptocurrencies.
The digital asset platform Bull announced that it publicly submitted a registration application to the U.S. Securities and Exchange Commission (SEC) on July 19 for the proposed initial public offering (IPO) of common stock. The Cayman Islands-based company stated:
"Bull has applied to list its common stock on the New York Stock Exchange with the 'BLSH' ticker symbol."
The company has not yet disclosed the number of shares or price range. Classified as a "foreign private issuer," Bull will have reduced disclosure obligations under U.S. securities laws. The public offering will vary depending on market conditions, and underwriters will have a 30-day option to purchase additional shares.
This move follows a previous attempt to go public through a merger with the special purpose acquisition company (SPAC) Far Peak Acquisition Corp. in 2021, which valued Bull at $9 billion. That deal was terminated in 2022 due to a confluence of unfavorable factors, including a sharp decline in the cryptocurrency market, increased regulatory scrutiny of SPACs, and a tight monetary policy that weakened investor interest in speculative assets. The company's new push comes alongside other cryptocurrency firms like Gemini and Grayscale, which have applied privately to the SEC.
These applications reflect a sector-wide effort to access public capital and achieve regulatory clarity. Notably, Bull received early backing from billionaire investor Peter Thiel, with his companies Founders Fund and Thiel Capital being among the early investors.
Bull operates regulated digital asset exchanges licensed in Germany, Hong Kong, and Gibraltar. The platform combines automated market makers and central limit order books to serve institutional clients. While operating globally, its Hong Kong subsidiaries handle essential services such as custody, engineering, and compliance. Bull stated that it does not operate in mainland China and is not supervised by the China Securities Regulatory Commission or the Cyberspace Administration of China.
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