#BullishIPO 🔥Bullish debuts on the New York Stock Exchange!

The cryptocurrency platform Bullish, backed by PayPal co-founder Peter Thiel, has achieved an impressive debut on the New York Stock Exchange (NYSE). The initial public offering (IPO) exceeded expectations, raising $1.1 billion at a price of $37 per share, above the expected range of $32 to $33.

The company now has a valuation of $5.4 billion, solidifying its position as a powerhouse in the crypto market. Its strategy of focusing on institutional investors and the acquisition of CoinDesk has contributed to its strong position.

The shares, with the symbol BLSH, experienced significant volatility on their first day of trading. They opened at $90, surged to $118, and closed at around $70, reaching a market capitalization close to $10 billion. Market optimism is partly due to the perception that the Trump administration favors cryptocurrency regulation and the steady growth of Bitcoin (BTC) and Ethereum (ETH). Trading volumes on Bullish have already surpassed $1.25 trillion.