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A report from Bloomberg indicates that Bullish Global, a subsidiary of Block.one and backed by billionaire Peter Thiel, is considering an initial public offering that could take place as early as this year.
The company, active in the digital assets sector, runs a cryptocurrency trading platform and acquired the crypto media outlet CoinDesk from Digital Currency Group in November 2023.
The consideration for an IPO by Bullish Global follows the inauguration of President Donald Trump, who has shown support for the cryptocurrency industry, contributing to a positive market sentiment. Trump, who was backed by Thiel in the previous year’s election, has taken steps to bolster the digital assets sector since taking office.
Block.one, known for developing the EOSIO blockchain, launched Bullish Global in 2021 and announced a substantial funding round nearing $10 billion. Despite plans to go public in the same year, Bullish Global did not proceed with an IPO. Currently, the company is collaborating with Jefferies Financial Group to explore the possibility of launching an IPO, as per Bloomberg’s sources.
The potential move towards an IPO comes without immediate comments from either Bullish Global or Block.one. The news also aligns with the broader interest in the digital assets space, as evidenced by investments from Thiel’s Founders Fund in platforms like Polymarket, and other prominent investors such as Alan Howard, Mike Novogratz, and Nomura engaging with Block.one.
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