We recently published 10 Big Names With Effortless Double-Digit Gains. Bullish was one of the best performers on Monday.
Bullish soared by 16.76 percent on Monday to finish at $32.05 apiece as investors took heart from an investment firm’s acquisition of a significant stake in the company.
Last week, Cathie Wood-led ARK Invest announced that it acquired $17.8 million worth of shares in Bullish, with the purchases spread across the ARK Innovation ETF, ARK Next Generation Internet ETF, and ARK Fintech Innovation ETF.
The purchase followed Bullish’s earnings result for the fourth quarter and full-year 2025, with the latter swinging to a net loss of $785 million from a $79.56 million net income in the same period a year earlier.
Digital asset sales dipped by 2 percent to $244.8 billion from $250 billion.
In the fourth quarter alone, Bullish said that it incurred a $563 million net loss, reversing a $158.46 million net income in the same period a year earlier.
Digital asset sales amounted to $64 billion, reversing a $66 billion net income year-on-year.
“I believe that we are at a turning point for digital assets. For all of crypto’s extreme volatility and cyclicality, the vision of faster, better, cheaper, permissionless capital is being unlocked in real-time to bring everything onchain. What I envision immediately ahead for this industry – and, particularly for Bullish, is why I came to the digital assets space,” said CEO Tom Farley.
For the full-year 2026, the company is targeting to generate between $220 million and $250 million in subscription, services, and other revenues.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
This article is originally published at Insider Monkey.
