BLSH vs XXI
BLSH: Bullish operates a specialized digital asset exchange providing liquidity and trading infrastructure for cryptocurrencies and tokenized securities. XXI: A Bitcoin-native financial services company holding substantial Bitcoin assets and building next-generation financial products designed to replace traditional banking infrastructure with Bitcoin-aligned alternatives.
Side-by-side fundamentals
| Metric | BLSH | XXI | Edge |
|---|---|---|---|
| Price as of 2026-07-22 close | $23.66 | $5.02 | |
| Market cap as of 2026-07-23 | $3.7B | $3.2B | |
| PEG as of 2026-07-23 | n/a | 0.01 | |
| Net margin as of 2026-07-23 | -0.5% | n/a | |
| Gross margin as of 2026-07-23 | +0.0% | n/a | |
| Operating margin as of 2026-07-23 | -0.5% | n/a | |
| ROE as of 2026-07-23 | -32.5% | -69.2% | BLSH higher |
| ROA as of 2026-07-23 | -26.5% | -59.8% | BLSH higher |
| Debt / equity as of 2026-07-23 | 0.19 | 0.19 | XXI lower |
| Revenue growth (YoY) as of 2026-07-23 | -35.4% | n/a | |
| Beta as of 2026-07-23 | 2.19 | 3.41 | |
| 1-year return as of 2026-07-22 close | -34.6% | -83.4% | BLSH higher |
Fundamentals: Finnhub, as of 2026-07-23. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-22.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date; "Edge" cells are a pure numeric comparison, not a recommendation.