Bullish, the sole crypto-native exchange listed on the NYSE, retained 19,990 Bitcoin worth approximately $1.28 billion in the second quarter, representing roughly 0.11% of Bitcoin’s total supply. This holding forms the core of its $1.52 billion crypto treasury. Block.one seeded Bullish at its 2021 launch with 164,000 BTC, capital generated through the EOS token sale between 2017 and 2018 that raised approximately $4.1 billion. Treasury trackers estimate the total position closer to 23,300 BTC, creating a gap the company has not clarified ahead of its August 13 earnings release.
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