--- title: "Peter Thiel-Backed Q2 Numbers Hit This Week: Will the Crypto Exchange Defy Sluggish Volumes and Post an Earnings Beat?" type: "News" locale: "en" url: "https://longbridge.com/en/news/295500588.md" description: "Cryptocurrency exchange Bullish (NYSE:BLSH) will release Q2 earnings on August 13. Analysts expect EPS of $0.09 and revenue of $87.9 million, up 50% YoY. Trading volume dropped 33% to $130.7 billion. Short interest rose to 19.6%, signaling bearish sentiment, though technical indicators show mixed signals. The stock has fallen 35% year-to-date." datetime: "2026-08-11T07:37:18.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/295500588.md) - [en](https://longbridge.com/en/news/295500588.md) - [zh-HK](https://longbridge.com/zh-HK/news/295500588.md) --- # Peter Thiel-Backed Q2 Numbers Hit This Week: Will the Crypto Exchange Defy Sluggish Volumes and Post an Earnings Beat? Cryptocurrency exchange **Bullish** (NYSE:BLSH) will release earnings for the second quarter before the bell on Thursday. Here’s what investors should know ahead of the release. ## A Glance at Consensus Estimates Analysts estimate the firm to announce earnings per share of $0.09, down 90% year-over-year, an 30% from the previous quarter. The firm is expected to report quarterly revenue of $87.90 million, up 50% from the same quarter last year. The BLSH stock has a consensus price target of $49 based on the ratings of 11 analysts. In its most recent rating in June, **JPMorgan** analyst **Kenneth Worthington** maintained a “Neutral” rating on the stock while cutting the price target from $43 to $26. **Read Also: Anthony Pompliano Says He's Betting on the Stupidity of Governments: 'If They Keep Printing Money, Bitcoin Will Go Up'** ## ‘Bullish’ or Bearish? Short interest in the stock rose from 9.20 million to 9.90 million, accounting for 19.6% of the company’s publicly available float. A rising short interest is typically interpreted as a bearish signal. As of this writing, the Moving Average Convergence Divergence indicator, which compares two exponential moving averages of an asset’s price, flashed a “Buy” signal for BLSH,  according to TradingView. The Relative Strength Index hovered just above the centerline at 50, implying a “Neutral” condition. ## Q2 Volumes Dip Sharply Bullish reported $130.7 billion in total trading volume, including spot and derivatives, for the quarter ending June 30, down 33% from the previous quarter. Bullish, backed by billionaire venture capitalist **Peter Thiel**, opened to a blockbuster debut in August of last year. **Cathie Wood**\-led **Ark Invest** has also been a major investor in the company, acquiring approximately $247,000 in shares toward the end of July. It operates a cryptocurrency exchange geared to institutional clients and also owns **CoinDesk**, a prominent cryptocurrency media and data brand.  **Thomas Farley,** former president of **NYSE Group** and current CEO, sold nearly $3 million worth of BLSH shares in April. The exchange allows users to trade several cryptocurrencies, including **Bitcoin** (CRYPTO: BTC), **Ethereum** (CRYPTO: ETH) and **Dogecoin** (CRYPTO: DOGE). **Price Action**: Shares of Bullish fell 0.61% in after-hours trading after closing 3.90% higher at $24.54 during Monday’s regular trading session, according to data from Benzinga Pro. Year-to-date, the stock has plunged 35%. Benzinga’s Edge Stock Rankings signal long-term weakness in BLSH, with short- and medium-term trends also lagging. **Read Also: Is Bitcoin Ready To Explode? Here's Why Crypto Is at a 'Major Inflection Point'** _Photo: Bigc Studio / Shutterstock_ ### Related Stocks - [BLSH.US](https://longbridge.com/en/quote/BLSH.US.md) - [BLSG.US](https://longbridge.com/en/quote/BLSG.US.md) - [JPM.US](https://longbridge.com/en/quote/JPM.US.md) - [JPM-M.US](https://longbridge.com/en/quote/JPM-M.US.md) - [JPM-C.US](https://longbridge.com/en/quote/JPM-C.US.md) - [JPM-D.US](https://longbridge.com/en/quote/JPM-D.US.md) - [JPM-L.US](https://longbridge.com/en/quote/JPM-L.US.md) - [8634.JP](https://longbridge.com/en/quote/8634.JP.md) - [JPM-K.US](https://longbridge.com/en/quote/JPM-K.US.md) - [JPM-J.US](https://longbridge.com/en/quote/JPM-J.US.md) ## Related News & Research - [Cayman's Bullish Q2 revenue rises on subscription and services growth](https://longbridge.com/en/news/295785268.md) - [Bullish Q2 2026 earnings preview](https://longbridge.com/en/news/295688598.md) - [Is Bitcoin Ready To Explode? Here's Why Crypto Is at a 'Major Inflection Point'](https://longbridge.com/en/news/295406945.md) - [MEXC Report: 74.2% of Traditional Finance Users Have Shifted Their Trading Activity to Crypto Exchanges](https://longbridge.com/en/news/295523403.md) - [1 popular cryptocurrency to buy before its next massive rally, according to 1 Wall Street bull](https://longbridge.com/en/news/295331437.md)