Bullish operates a regulated digital asset exchange and reports BTC and ETH holdings.
NYSE:BLSH- ETH holdings
- 9,540
- Cost Basis
- —
- Average cost / ETH
- —
- Change since start of year
- -2,980 ETH
$19.63M · as of Jun 30, 2026 · price as of Nov 11, 2026
NgU — · as of Jun 30, 2026
-23.8%
- BTC holdings
- 22,000
- Cost Basis
- —
- Average cost / BTC
- —
- Change since start of year
- —
$1.62B · as of Jun 30, 2026 · price as of Nov 11, 2026
NgU — · as of Jun 30, 2026
—
- Market Cap
- $3.34B
- Enterprise Value
- $3.74B
- mNAV
- —
- Holdings per Share (ETH)
- —
- Holdings per Share (BTC)
- —
Balance sheet values as of Jun 30, 2026, basic shares as of Feb 28, 2026: 6-K · Aug 13, 202620-F · Mar 10, 2026
Asset holdings
Latest reported holdings for each asset. Cost Basis is the reported total cost. It can include fees and staking income. It does not give the date or price of each Purchase.
| Asset | Holdings | Cost Basis | As of | Sources |
|---|---|---|---|---|
| ETH | 9,540 | Not reported | Jun 30, 2026 | |
| weETH (included in ETH) | 176.5 | Not reported | Jun 30, 2026 | |
| BTC | 22,000 | Not reported | Jun 30, 2026 |
HoldingsETH vs USD value
9,540 ETH
$19.59M USD value · as of 2026-11-10
- ETH Holdings (left)
- USD Value (right)
ETH Reserve
9,540 ETH
- Holdings
- Purchase (size = amount)
- Sale (size = amount)
ETH historical holdings
| Date | Change | Holdings | Cumulative cost | Average Cost | Sources |
|---|---|---|---|---|---|
| Jun 30, 2026Unexplained Decrease: The Source reports lower ETH implied units without a Sale unit count. The units include wrapped ETH holdings. | -2,980-23.8% | 9,540 | — | — | |
| Dec 31, 2025Unexplained Decrease: The Source reports lower ETH holdings. It gives trading flows in USD but no complete Sale unit count. | -49,130-79.69% | 12,520 | — | — | |
| Dec 31, 2024 | — | 61,650 | — | — |
Advanced metrics
| Date | ETH holdings | Shares outstanding | Stock price | Market Cap | Financials | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Balance | Cost Basis | Value | Basic | Diluted | Basic | Diluted | Cash | Debt | ||
| Jun 30, 2026 | 9,540 | — | $15M | 150.3M | — | $23.43 | $3.52B | — | $86.61M | $495.65M |
| Dec 31, 2025 | 12,520 | — | $37.2M | — | — | $37.87 | — | — | — | — |
| Dec 31, 2024 | 61,650 | — | $205.77M | — | — | — | — | — | — | — |
— means no value was disclosed or derivable for that date.Stock prices are daily closes in USD at today's exchange rate.
HoldingsBTC vs USD value
22,000 BTC
$1.62B USD value · as of 2026-11-10
- BTC Holdings (left)
- USD Value (right)
BTC Reserve
22,000 BTC
- Holdings
- Purchase (size = amount)
- Sale (size = amount)
BTC historical holdings
| Date | Change | Holdings | Cumulative cost | Average Cost | Sources |
|---|---|---|---|---|---|
| Jun 30, 2026 | — | 22,000 | — | — |
Advanced metrics
| Date | BTC holdings | Shares outstanding | Stock price | Market Cap | Financials | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Balance | Cost Basis | Value | Basic | Diluted | Basic | Diluted | Cash | Debt | ||
| Jun 30, 2026 | 22,000 | — | $1.29B | 150.3M | — | $23.43 | $3.52B | — | $86.61M | $495.65M |
— means no value was disclosed or derivable for that date.Stock prices are daily closes in USD at today's exchange rate.
ETH holdings comparison
- #1
Bitmine Immersion Technologies6,001,302 ETH - #2
Bit Digital164,842.2 ETH - #3
Coinbase Global160,759 ETH - #4
Bitcoin Group SE10,232 ETH - #5
Bullish9,540 ETH - #6
Intchains Group9,176 ETH - #7
CoinShares6,077 ETH - #8
SOS Limited2,949.79 ETH - #9
Circle Internet Group1,718 ETH - #10
DigiPowerX1,017 ETH
BTC holdings comparison
- #1
Strategy850,364 BTC - #2
Metaplanet44,000 BTC - #3
Twenty One Capital43,514 BTC - #4
Strive43,124 BTC - #5
MARA Holdings35,577 BTC - #6Bullish22,000 BTC
- #7
SpaceX18,712 BTC - #8Coinbase Global17,864 BTC
- #9
Trump Media & Technology Group14,139 BTC - #10
CleanSpark13,530 BTC