Uptrend Crypto Trading network Increases IPO to Almost $5 Billion Valuation

Uptrend is expanding more than anticipated. The digital currency trading platform, supported by Peter Thiel and the proprietor of CoinDesk, has raised the amount of its IPO to $990 million. The organization is now offering 30 million shares priced at between $32 and $33, elevating its projected valuation to nearly $4.8 billion. Just a week prior, the target was set at $4.2 billion. The Uptrend IPO stands as one of the most significant public offerings in the crypto sector since Circle’s launch earlier this year.

BlackRock and ARK Are Interested

This increased fundraising isn’t occurring in isolation. Prominent investors like BlackRock and ARK Invest are reportedly joining in, demonstrating substantial institutional interest in Bullish’s launch. JPMorgan, Citigroup, and Jefferies are leading the initiative, and the firm intends to list on the NYSE with the ticker BLSH.

NEW IPO ANNOUNCEMENT: Bullish ( $BLSH ) has filed to go public on the NYSE

Price range: $28–$31
Expected date: 8/13/2025
Valuation: ~$4.3B

Backed by Peter Thiel. Owner of CoinDesk. $167M in revenue. A media + crypto venture with institutional firepower supporting it.

Robinhood’s applying… pic.twitter.com/UrobxA0Gd0

— EmanTheTrader (@miller_eman) August 4, 2025

A Second Chance for Success

This isn’t Bullish’s inaugural effort to go public. In 2021, it attempted to go via a SPAC, targeting a $9 billion valuation. That endeavor faltered due to regulatory challenges. Now, Bullish appears to be tempering its expectations and focusing on executing a traditional IPO that better suits current trading market conditions.

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A More Welcoming Environment for Crypto Companies

The timing of the IPO is advantageous for Optimistic. Crypto regulations in the U.S. are finally beginning to stabilize, especially following the GENIUS Act, which has provided more clarity on how digital asset firms can function. Earlier this year, Circle successfully went public, establishing a benchmark for what a transparent, compliant crypto IPO should look like. Optimistic seems to be adhering to that roadmap.

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Solid Numbers for Investors to Consider

Uptrend isn’t merely generating excitement. The firm anticipates a net income of up to $109 million for the second quarter of 2025. This adds to a strong year of trading in 2024, which allowed the trading protocol to realize actual revenue. Unlike numerous crypto companies that hinge on future expectations, Optimistic has concrete figures to present right now.

Could This Transform the Crypto IPO Landscape?

This enlarged IPO could pave the way for additional crypto enterprises to explore the public markets. Gemini and BitGo are already speculated to be preparing for a similar move. If Uptrend successfully navigates this process, it could become the model for others to emulate. It’s not solely about fundraising—it’s about establishing that a crypto-native company can thrive on Wall Street.

The Anticipation Leading to the Opening Day of Trading

What remains to be seen is how investors will react once the shares begin trading. The company possesses the momentum, the investors, and a trading market that appears more receptive to crypto than it was a couple of years earlier. Whether it can sustain that enthusiasm after the initial days remains a significant question.

Uptrend is attempting to achieve what few crypto firms have managed—going public with solid financial data, institutional backing, and timing that feels aligned. While it may not be the most talked-about name in the field, this step could quietly influence the future direction.

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