Bullish agrees to acquire Equiniti in $4.2 billion deal

12 articles · Updated · Bloomberg · May 5

The crypto exchange will pay about $2.35 billion in stock and assume $1.85 billion of Equiniti debt, according to a Tuesday filing.
The transaction, struck with Equiniti owner Siris Capital, is expected to close in January 2027 and includes an option for Siris to buy non-core Equiniti business lines.
Bullish said the acquisition would help expand its presence in blockchain-based capital markets infrastructure, extending the exchange beyond its core cryptocurrency trading business.

Will this landmark acquisition convince giants like Berkshire Hathaway to move their shares onto the blockchain?

Can Bullish's $4.2B deal truly merge crypto with traditional finance, or is a massive culture clash inevitable?