TechFlow News: On February 5, Bullish (NYSE: BLSH) released its Q4 2025 financial results, reporting $6.43 billion in digital asset sales and a net loss of $563.6 million. Although net income was negative, the company’s adjusted revenue reached $92.5 million and adjusted EBITDA hit $44.5 million—both record highs. Options trading volume exceeded $9 billion, with open interest reaching $4 billion, making Bullish the second-largest Bitcoin options exchange. Bullish also leads the digital asset index market and provided 2026 financial guidance, forecasting subscription and service revenue between $220 million and $250 million.
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