Bullish, a cryptocurrency exchange backed by Peter Thiel and co-founded by Palantir CEO Peter Thiel, has formally filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC). The company, established in 2020 and based in the Cayman Islands, is seeking a listing on the New York Stock Exchange (NYSE) under the ticker symbol "BLSH." According to its F-1 filing, Bullish plans to issue approximately 75.16 million new shares. The filing also revealed that Bullish reported a net loss of around $349 million on digital asset sales totaling $80 million in the first quarter. The IPO filing is part of a broader trend of cryptocurrency firms aggressively pursuing public market listings. In a related development, BitGo, a crypto custody firm known for securing Bitcoin and other digital assets, has confidentially filed for a U.S. IPO with the SEC. BitGo's filing follows recent public market moves by other crypto companies such as Circle, Grayscale, and Gemini, reflecting growing institutional momentum and optimism in the digital asset market, which recently surged past $4 trillion in valuation. BitGo has not yet disclosed share count or price range and is awaiting SEC review and favorable market conditions for its public launch.