Bull has completed its initial public offering (IPO) with a scale of $1.15 billion, using stablecoin as a capital raising method.
The use of stablecoin to attract capital in the US IPO marks a new step, with most stablecoins issued on the Solana network and held by Coinbase.
- Bull raised $1.15 billion through IPO via stablecoin.
- Most stablecoins were issued on Solana and deposited at Coinbase.
- This creates a breakthrough in the IPO operation method in the US market.
How did Bull raise capital through IPO and the importance of stablecoin in this process?
Bull completed the IPO with $1.15 billion, simultaneously receiving capital in stablecoins, mainly USDC and EURC. This is the first example in the US market of applying stablecoin in public capital raising.
Using stablecoin helps Bull transfer money quickly and securely on a global scale. This simultaneously promotes related business activities and facilitates cross-border financial transactions.
This method effectively leverages stablecoin features, including price stability, high transparency, and easy integration with modern blockchain platforms.
How were Bull's stablecoins issued and stored?
Most stablecoins used by Bull were issued on the Solana network, a blockchain platform known for its speed and low operating costs. These assets were then managed and stored by Coinbase, ensuring safety and regulatory compliance.
The level of security and control by Coinbase helps enhance investor and market trust, while creating confidence in stablecoin use for large financial transactions.
Utilizing Solana allows for fast transactions, enhancing user experience and expanding capabilities for global financial transactions after the IPO.
Using stablecoin in the IPO marks an important step in digital financial records, demonstrating creativity and innovation in global capital raising methods.
Bull's Chief Financial Officer, August 2025
How were Bull's stocks listed on the stock exchange?
Bull's stocks officially began trading on the New York Stock Exchange (NYSE) on August 14, 2025, with the stock ticker "BLSH".
Listing on NYSE helps Bull access larger capital and increase stock liquidation, while demonstrating market and institutional investor confidence.
This is a positive signal, confirming the connection between traditional financial markets and cryptocurrency through stablecoin application in capital raising.
What are the benefits of using stablecoin in large-scale financial transactions?
Stablecoin helps shorten transfer times, minimize transaction costs, and increase transparency, suitable for large international transactions like IPOs.
With value stability and blockchain technology, stablecoin ensures safety and protects against significant price volatility in the prevalent cryptocurrency environment.
This contributes to promoting widespread stablecoin acceptance in the financial sector, especially for companies seeking quick and efficient global capital.
Frequently Asked Questions
What is stablecoin and why is it used in IPO?
Stablecoin is a cryptocurrency pegged to real asset values like USD, enabling fast, secure transactions and avoiding price volatility. Therefore, they are prioritized in IPOs for efficient capital raising.
Are there risks in using stablecoin in IPO?
Stablecoins are typically less volatile than other cryptocurrencies but are still influenced by fiat currency markets and legal regulations. The primary risks relate to legal and management aspects.
Why did Bull choose Solana and Coinbase?
Solana provides high transaction speed and low costs; Coinbase ensures safe asset storage and regulatory compliance, thereby increasing trust in stablecoin use.
What are the specific benefits of stablecoin compared to fiat currency when operating an IPO?
Stablecoin enables fast global capital transfer, reduces intermediary costs, enhances transaction transparency, and can integrate blockchain technology, which fiat currency cannot do.
What is Bull's stock ticker on NYSE?
Bull is listed on NYSE with the stock ticker "BLSH" from August 14, 2025.
