Bullish posts $280M Q2 net loss

Bullish (BLSH) reported a $280 million Q2 net loss, or $1.78 per diluted share, versus $108.3 million net income a year earlier. Adjusted revenue rose 62% to $92.6 million, with record subscription revenue of $62.7 million, as digital asset sales fell to $32.6 billion from $58.6 billion.