Bullish Posts $604.9M Q1 Loss as Crypto Holdings Drop #Crypto exchange #Bullish reported a net #loss of $604.9 million for the first quarter of 2026, nearly doubling its $348.6 million loss from the same period in 2025, with the bulk of the decline driven by a #drop in the value of its #digitalasset portfolio. The company held approximately $2.3 billion in digital assets at the end of Q1 2026. Changes in the fair value of those holdings produced $559 million in unrealized losses. The total net loss also widened from a $563.6 million loss recorded in Q4 2025.