Bank of America Corp DE Has $4.06 Million Stock Holdings in Bullish $BLSH

Key Points

• Bank of America increased its Bullish stake by 145% in the first quarter, holding 113,508 shares worth approximately $4.06 million, while several other institutional investors also initiated positions.
• Bullish reported quarterly revenue of $92.62 million, up 62.5% year over year, and earnings of $0.09 per share in line with estimates. However, the company remains unprofitable, with a negative net margin of 389.38%.
• Analysts maintain a mixed outlook, resulting in an average “Hold” rating and a $48.92 target price. Bullish is also expanding beyond crypto-market infrastructure by providing USD.AI with a $100 million stablecoin facility for GPU-backed lending.

Bank of America Corp DE increased its position in shares of Bullish (NYSE:BLSH - Free Report) by 145.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 113,508 shares of the company's stock after buying an additional 67,173 shares during the quarter. Bank of America Corp DE owned about 0.08% of Bullish worth $4,056,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. MetLife Investment Management LLC bought a new stake in shares of Bullish during the fourth quarter valued at approximately $30,000. Strs Ohio bought a new stake in Bullish during the 4th quarter valued at $30,000. Kestra Advisory Services LLC acquired a new position in Bullish during the fourth quarter worth $61,000. Advisory Services Network LLC acquired a new position in Bullish during the third quarter worth $125,000. Finally, California State Teachers Retirement System bought a new position in shares of Bullish in the fourth quarter valued at $78,000.

Bullish Price Performance

BLSH opened at $32.93 on Friday. The firm has a 50-day moving average price of $25.20 and a 200-day moving average price of $31.82. Bullish has a twelve month low of $20.55 and a twelve month high of $74.98. The company has a quick ratio of 22.41, a current ratio of 23.52 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $4.97 billion and a price-to-earnings ratio of -3.56.

Bullish (NYSE:BLSH - Get Free Report) last released its quarterly earnings data on Thursday, August 13th. The company reported $0.09 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.09. The company had revenue of $92.62 million for the quarter. Bullish had a positive return on equity of 2.48% and a negative net margin of 389.38%.The company's revenue for the quarter was up 62.5% on a year-over-year basis. Equities analysts expect that Bullish will post 0.44 EPS for the current year.

Key Stories Impacting Bullish

Here are the key news stories impacting Bullish this week:

• Positive Sentiment: Bullish is providing USD.AI with $100 million to finance loans secured by high-performance GPUs. The arrangement could create a new revenue opportunity and diversify Bullish beyond its core institutional crypto-exchange and market-infrastructure operations. USD.AI Secures $100M Stablecoin Debt Facility From Bullish for GPU Financing
• Positive Sentiment: The facility connects stablecoin liquidity with financing demand from AI infrastructure operators. If GPU-backed lending scales successfully, it could strengthen Bullish’s position at the intersection of crypto markets and artificial-intelligence infrastructure finance. Bullish provides USD.AI $100M stablecoin facility for GPU-backed lending
• Positive Sentiment: Bitcoin exchange-traded funds recorded their strongest asset-gathering week since October 2025, a potentially favorable signal for crypto demand and trading activity. Stronger digital-asset flows could indirectly benefit Bullish’s institutional platform. Bitcoin ETFs Just Posted Their Best Week Since October 2025
• Neutral Sentiment: The stock’s decline suggests investors may be weighing the strategic upside of the new financing business against execution, credit, stablecoin, and capital-allocation risks. Bullish also remains unprofitable, with a negative net margin, although its latest quarterly revenue increased 62.5% year over year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on BLSH shares. JPMorgan Chase & Co. lowered their target price on shares of Bullish from $26.00 to $25.00 and set a "neutral" rating on the stock in a report on Friday, August 14th. Canaccord Genuity Group decreased their price objective on Bullish from $50.00 to $45.00 and set a "buy" rating for the company in a report on Monday, August 17th. Citigroup reissued a "buy" rating on shares of Bullish in a research note on Monday, July 27th. Wall Street Zen raised Bullish from a "sell" rating to a "hold" rating in a research report on Monday, August 3rd. Finally, Cantor Fitzgerald upped their price target on Bullish from $39.00 to $43.00 and gave the stock an "overweight" rating in a report on Friday, May 15th. Four analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $48.92.

About Bullish

Bullish NYSE: BLSH is a company that develops and operates digital asset market infrastructure, including a cryptocurrency trading platform and related technology services. The firm's stated activities focus on providing exchange services, market structure and trading technology designed to support the listing, execution and clearing of digital assets. Bullish positions itself as a bridge between traditional capital markets practices and the evolving cryptocurrency ecosystem.

The business was announced in connection with Block.one, the software developer known for its work on the EOS blockchain, and was formed with the intent of creating a regulated, institutional-grade marketplace for digital assets.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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