Sumitomo Mitsui Trust Group Inc. Invests $91.78 Million in Bullish $BLSH

Sumitomo Mitsui Trust Group Inc. acquired a new stake in Bullish (NYSE:BLSH) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,442,893 shares of the company’s stock, valued at approximately $91,782,000. Sumitomo Mitsui Trust Group Inc. owned 0.99% of Bullish at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Tradewinds Capital Management LLC bought a new position in Bullish in the 3rd quarter valued at $25,000. CWM LLC purchased a new stake in shares of Bullish in the third quarter worth $31,000. Albion Financial Group UT bought a new stake in Bullish during the third quarter valued at $64,000. Benjamin Edwards Inc. purchased a new position in Bullish during the third quarter worth about $730,000. Finally, Renaissance Capital LLC bought a new position in Bullish in the 3rd quarter worth about $2,436,000.

Trending Headlines about Bullish

Here are the key news stories impacting Bullish this week:

• Positive Sentiment: Potential U.S. crypto market-structure legislation could bring federal clarity and greater institutional participation in crypto markets — a long-term positive for crypto exchanges and trading venues such as Bullish. Enactment of US Crypto Market Structure Bill Could Drive Major Bullish Shift
• Positive Sentiment: Continued strength in major tokens (example: XRP momentum cited by analysts) can lift trading volumes and fee revenue for exchanges if flows persist. That token-level upside may favor platforms like Bullish over time. 3 Forces Behind XRP Outperformance Could Extend Into 2026
• Neutral Sentiment: Coverage and commentary about Bullish (and peer Bluemount) appears in recent surveys and write-ups; these pieces may influence investor perception but don’t provide clear operational news. Monitor follow-ups for concrete metrics or guidance. Bullish (NYSE:BLSH) & Bluemount (NASDAQ:BMHL) Critical Survey
• Negative Sentiment: Short interest jumped materially in December to 7,153,318 shares (a 23.7% increase versus mid-December), representing roughly 4.9% of shares outstanding and a days-to-cover of ~4.5. That rise in short activity likely contributed to today’s downward pressure and raises the risk of continued selling or volatile moves if coverage accelerates.

Bullish Price Performance

Shares of NYSE BLSH opened at $38.71 on Wednesday. The company has a market capitalization of $5.66 billion and a PE ratio of 1,935.30. Bullish has a one year low of $34.24 and a one year high of $118.00. The company’s 50 day simple moving average is $42.17. The company has a debt-to-equity ratio of 0.13, a current ratio of 38.78 and a quick ratio of 36.58.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Wall Street Zen downgraded Bullish from a “hold” rating to a “sell” rating in a research report on Sunday, November 23rd. Compass Point reaffirmed a “neutral” rating on shares of Bullish in a research note on Thursday, September 18th. JPMorgan Chase & Co. cut their price target on shares of Bullish from $63.00 to $46.00 and set a “neutral” rating for the company in a research note on Tuesday, November 18th. Citigroup decreased their price target on shares of Bullish from $77.00 to $67.00 and set a “buy” rating on the stock in a report on Monday, December 22nd. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Bullish in a report on Monday, December 29th. Five investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $53.83.

About Bullish

Bullish (NYSE: BLSH) is a company that develops and operates digital asset market infrastructure, including a cryptocurrency trading platform and related technology services. The firm’s stated activities focus on providing exchange services, market structure and trading technology designed to support the listing, execution and clearing of digital assets. Bullish positions itself as a bridge between traditional capital markets practices and the evolving cryptocurrency ecosystem.

The business was announced in connection with Block.one, the software developer known for its work on the EOS blockchain, and was formed with the intent of creating a regulated, institutional-grade marketplace for digital assets.