Bullish stock jumps 10% on Gibraltar tokenization OK, guidance raise
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- Bullish (BLSH) shares rose more than 10% during Thursday morning trading on the NYSE, extending a rebound that has added roughly 20% over the past month
- Bullish lifted its full-year guidance, now forecasting $225 million to $245 million in subscription, services and other revenue, citing its first-half performance and improved visibility
- The Gibraltar Financial Services Commission approved Bullish to offer secondary trading in issuer-sponsored tokenized securities, expanding its push into regulated onchain markets
- Despite the recent rally, BLSH shares remain about 70% below their post-listing highs from last year, per Yahoo Finance data
Why it matters: Bullish's raised $225M–$245M guidance signals management confidence in subscription and services growth, while the Gibraltar license gives the exchange a regulated venue for secondary trading of tokenized securities — a concrete expansion of its onchain infrastructure at a time when the stock is still recovering 70% of its post-listing decline.
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