Bullish releases February 2026 monthly metrics




Bullish releases February 2026 monthly metrics

CAYMAN ISLANDS–(BUSINESS WIRE)–Bullish (NYSE: BLSH), an institutionally focused global digital asset platform that provides market infrastructure and information services, released its monthly metrics for February 2026 on Friday, March 6, 2026.

These metrics include trading volume, average trading spread, and measures of volatility for Bitcoin and Ethereum. For definitions and additional information regarding these metrics, please refer to the monthly metrics packages available on investors.bullish.com.

About Bullish

Bullish (NYSE: BLSH) is an institutionally focused global digital asset platform that provides regulated market infrastructure and information services. This includes Bullish Exchange – an institutionally focused digital assets spot and derivatives exchange, integrating a high-performance central limit order book matching engine with automated market making to provide deep and predictable liquidity. Bullish Europe is regulated under MiCAR as a crypto asset service provider offering spot trading and custody services for digital assets.

Bullish is the parent company of CoinDesk, a leading provider of digital asset media and information services. CoinDesk’s offerings include: CoinDesk Indices – a collection of tradable proprietary and single-asset benchmarks and indices that track the performance of digital assets for global institutions in the digital assets and traditional finance industries; CoinDesk Data – a broad suite of digital asset market data and analytics, providing real-time insights into prices, trends and market dynamics; and CoinDesk Insights – a digital asset media and events provider and operator of coindesk.com, a digital media platform that covers news and insights about digital assets, the underlying markets, policy and blockchain technology.

For more information, please visit bullish.com and follow LinkedIn and X.

Use of Websites to Distribute Material Company Information

We use the Bullish Investor Relations website (investors.bullish.com) and our X account (x.com/bullish) to publicize information relevant to investors, including information that may be deemed material, in addition to filings we make with the U.S. Securities and Exchange Commission (SEC) and press releases. We encourage investors to regularly review the information posted on our website and X account in addition to our SEC filings and press releases to be informed of the latest developments.

Source: Bullish

Additional Information & Disclosures

This monthly metrics package provides certain limited purpose monthly performance results of Bullish. This information is presented without commentary and should be read together with our most recent quarterly and annual results and our filings with the U.S. Securities and Exchange Commission (SEC), which are available on our Investor Relations website at investors.bullish.com.

The information provided is unaudited and the information for the months in the most recent fiscal quarter is preliminary, based on our estimates and subject to completion of our financial closing procedures. Final results for the quarter, as reported in our SEC filings, might vary from the information provided in this monthly metrics package.

Bullish expects to release monthly metrics packages for the prior month’s performance after the end of each month.

We use our Investor Relations website (investors.bullish.com) and our X account (x.com/bullish) to publicize information relevant to investors, including information that may be deemed material, in addition to filings we make with the SEC and press releases. We encourage investors to regularly review the information posted on our website and X account in addition to our SEC filings and press releases to be informed of the latest developments.

Definitions

Trading Volume represents the notional value of trades, i.e. the product of the quantity of assets transacted and the trade price at the time the transaction was executed. The quantity represents the total U.S. dollar equivalent value of matched trades transacted between a buyer and seller through our platform during the period of measurement.

Average Trading Spread represents total commissions earned from transactions on the Bullish Exchange for the period, expressed as a percentage of the trading volume for the period. Management reviews this metric, which reflects the cost of trading on the Bullish Exchange, changes in fair value of perpetual futures, and rebates, for insight into the average revenue generated per unit of trading volume on our platform.

Volatility is calculated using 1-minute price intervals from Coindesk Data’s Adaptive Diversified Liquidity Index for BTC and ETH. We determine the daily volatility by measuring the standard deviation of these minute-by-minute price changes, which provides a more granular view of price fluctuations. This daily figure is then converted to an annualized volatility by multiplying it by the square root of 365, a standard practice for making risk metrics comparable over a one-year period.

Contacts

Media: media@bullish.com
Investor Relations: investors@bullish.com

Hytera Announces 450Connect Whitelisting of PNC660 450MHz at MWC 2026




Hytera Announces 450Connect Whitelisting of PNC660 450MHz at MWC 2026

BARCELONA, Spain–(BUSINESS WIRE)–#450Connect–Hytera, a leading global provider of critical communications technologies and solutions, announced that its mission-critical smart device, the PNC660 450MHz, has been granted whitelist certification by 450Connect during the Mobile World Congress 2026 (MWC26), held from March 2 to 5 in Barcelona, Spain. This certification authorizes the device for full commercial deployment across European 450MHz private broadband networks, marking a significant milestone for Hytera in delivering reliable, secure, and robust communication solutions to energy providers and other critical infrastructure sectors.

450Connect is the exclusive licensee and operator of the nationwide 450MHz radio network in Germany and across Europe. Its whitelist program enforces stringent evaluation criteria covering device compatibility, network interoperability, cybersecurity, electromagnetic compatibility (EMC), industrial durability, and performance stability. Only fully verified terminals are permitted to access 450MHz mission-critical communication networks, ensuring reliable and secure operations for public safety, utilities, transportation, and government infrastructure. The successful certification of the Hytera PNC660 450MHz confirms that the product meets Europe’s highest standard for professional critical communications. During MWC26, Matthias Groß, the Managing Director of 450Connect GmbH, visited the Hytera stand with his team to celebrate PNC660 450MHz’s whitelist certification together with Hytera team.

In parallel with obtaining the 450Connect whitelist certification, Hytera Europe also announced the signing of a distribution agreement with B.Schmitt mobile GmbH (B.Schmitt) for the PNC660 450MHz. Under this agreement, B.Schmitt is appointed as the exclusive distributor for promoting and selling the newly certified MCX device in Germany.

“It is really exciting to receive these two pieces of good news during MWC26. Obtaining 450Connect whitelist certification and signing the distribution agreement with B.Schmitt at the same time perfectly illustrates the proverb ‘good things come in pairs’, giving us a great start to 2026,” said Sophia Yin, General Manager of Hytera Europe. “We will expedite the promotion of the PNC660 450MHz in Europe and continue investing in R&D for 450MHz-related products, reinforcing our commitment to supporting critical infrastructure operators with reliable, secure, and robust communication solutions.”

Designed for mission-critical environments, the Hytera PNC660 450MHz is a 5G-enabled smart broadband radio compliant with 3GPP Release 15 standards. It fully supports mission-critical push-to-talk (MCPTT), mission-critical video (MCVideo), and mission-critical data (MCData) services, along with high-priority QCI 65/66/67/69/70 scheduling capabilities. These features enable ultra-low latency, high reliability, and wide-area coverage, making the device ideal for emergency response, field command, and on-site operations.

Equipped with an independent CC EAL5+ security chip, the PNC660 450MHz establishes a five-layer security framework covering hardware, authentication, kernel, system framework, and application layers. Combined with national cryptography (secondary level) encryption, tamper-proof protection, and data isolation, the device ensures end-to-end security for voice, video, location, and service data transmission, addressing the stringent cybersecurity requirements of sensitive industries.

About Hytera

Hytera Communications Corporation Limited (SZSE: 002583) is a leading global provider of critical communications technologies and solutions. With voice, video, and data capabilities, we provide faster, safer, and more versatile connectivity for business and mission-critical users. We make the world more efficient and safer by enabling our customers to achieve more in both daily operations and emergency response.

Contacts

lele.yao@hytera.com

Skimmer and Heritage Pool Supply Announce Strategic Partnership to Modernize Pool Industry Operations




Skimmer and Heritage Pool Supply Announce Strategic Partnership to Modernize Pool Industry Operations

AUSTIN, Texas–(BUSINESS WIRE)–The first phase of the Skimmer–Heritage integration enables Skimmer customers to sync Heritage product data directly into their Skimmer accounts. This live connection ensures product information remains accurate and up to date, helping pool professionals manage products, costs, and pricing with greater accuracy and confidence.

With the launch, Skimmer customers can:

• Sync Heritage products into Skimmer with live updates
• View detailed product descriptions and current pricing
• Bulk import Heritage products and keep them automatically updated
• Use advanced product mapping to control how products sync and align with existing items
• Apply markups so pricing is updated in real time, protecting margin

“This partnership is more than an integration with Skimmer. Our partnership with Heritage is centered on a shared commitment to modernizing the pool and spa industry through smarter, more connected digital experiences. By aligning Heritage’s scale, product expertise, and supply chain leadership with Skimmer’s industry-specific software platform, we’re helping pool and spa professionals run more efficient, informed, and profitable businesses,” said Jack Nelson, CEO at Skimmer.

“At Heritage, we’re focused on helping pool service professionals operate in more connected, efficient ways as the industry evolves. Our partnership with Skimmer reflects a shared vision for reducing friction and bringing smarter, more integrated workflows to the professionals we serve. This integration is just the beginning, and we’re excited about the innovation and value we’ll continue to deliver together,” said Scott Frost, President of Heritage Pool Supply Group.

Looking ahead, this integration represents the first step in a broader roadmap. Later this year, Skimmer plans to introduce functionality that allows customers to view real-time product availability, order Heritage products, and manage purchasing workflows directly within Skimmer.

By combining Heritage’s deep distribution footprint with Skimmer’s purpose-built software for pool service operations, the partnership aims to evolve alongside the industry—giving pool professionals better visibility into the products they use every day while reducing manual work and disconnected systems.

The Skimmer–Heritage integration is available to customers now.

About Heritage Pool Supply Group

Heritage Pool Supply Group has grown to become one of the largest and fastest growing pool supply distributors in the United States. Since its inception in 2021, Heritage has established a differentiated growth strategy and entrepreneurial culture that is focused on serving customers, partnering with suppliers, and attracting the industry’s best talent. Heritage currently operates under a family of distinct local brands encompassing more than 160 locations across 36 states. Heritage Pool Supply Group is a wholly owned subsidiary of SRS Distribution Inc., one of the largest and fastest-growing wholesale distributors in the United States.

About Skimmer

Skimmer is one of America’s leading pool service platforms. The company is on a mission to modernize the pool and spa service and repair industry through easy-to-use software and best-in-class support. Over 35,000 pool service professionals servicing 1,000,000+pools in North America use Skimmer to get organized, get paid faster, and grow their businesses. For more information about this report, Skimmer, or our products and services, please visit www.getskimmer.com.

Contacts

For media inquiries, please reach out to:

Press@getskimmer.com

Hytera Announces 450Connect Whitelisting of PNC660 450MHz at MWC 2026




Hytera Announces 450Connect Whitelisting of PNC660 450MHz at MWC 2026

BARCELONA, Spain–(BUSINESS WIRE)–#450Connect–Hytera, a leading global provider of critical communications technologies and solutions, announced that its mission-critical smart device, the PNC660 450MHz, has been granted whitelist certification by 450Connect during the Mobile World Congress 2026 (MWC26), held from March 2 to 5 in Barcelona, Spain. This certification authorizes the device for full commercial deployment across European 450MHz private broadband networks, marking a significant milestone for Hytera in delivering reliable, secure, and robust communication solutions to energy providers and other critical infrastructure sectors.

450Connect is the exclusive licensee and operator of the nationwide 450MHz radio network in Germany and across Europe. Its whitelist program enforces stringent evaluation criteria covering device compatibility, network interoperability, cybersecurity, electromagnetic compatibility (EMC), industrial durability, and performance stability. Only fully verified terminals are permitted to access 450MHz mission-critical communication networks, ensuring reliable and secure operations for public safety, utilities, transportation, and government infrastructure. The successful certification of the Hytera PNC660 450MHz confirms that the product meets Europe’s highest standard for professional critical communications. During MWC26, Matthias Groß, the Managing Director of 450Connect GmbH, visited the Hytera stand with his team to celebrate PNC660 450MHz’s whitelist certification together with Hytera team.

In parallel with obtaining the 450Connect whitelist certification, Hytera Europe also announced the signing of a distribution agreement with B.Schmitt mobile GmbH (B.Schmitt) for the PNC660 450MHz. Under this agreement, B.Schmitt is appointed as the exclusive distributor for promoting and selling the newly certified MCX device in Germany.

“It is really exciting to receive these two pieces of good news during MWC26. Obtaining 450Connect whitelist certification and signing the distribution agreement with B.Schmitt at the same time perfectly illustrates the proverb ‘good things come in pairs’, giving us a great start to 2026,” said Sophia Yin, General Manager of Hytera Europe. “We will expedite the promotion of the PNC660 450MHz in Europe and continue investing in R&D for 450MHz-related products, reinforcing our commitment to supporting critical infrastructure operators with reliable, secure, and robust communication solutions.”

Designed for mission-critical environments, the Hytera PNC660 450MHz is a 5G-enabled smart broadband radio compliant with 3GPP Release 15 standards. It fully supports mission-critical push-to-talk (MCPTT), mission-critical video (MCVideo), and mission-critical data (MCData) services, along with high-priority QCI 65/66/67/69/70 scheduling capabilities. These features enable ultra-low latency, high reliability, and wide-area coverage, making the device ideal for emergency response, field command, and on-site operations.

Equipped with an independent CC EAL5+ security chip, the PNC660 450MHz establishes a five-layer security framework covering hardware, authentication, kernel, system framework, and application layers. Combined with national cryptography (secondary level) encryption, tamper-proof protection, and data isolation, the device ensures end-to-end security for voice, video, location, and service data transmission, addressing the stringent cybersecurity requirements of sensitive industries.

About Hytera

Hytera Communications Corporation Limited (SZSE: 002583) is a leading global provider of critical communications technologies and solutions. With voice, video, and data capabilities, we provide faster, safer, and more versatile connectivity for business and mission-critical users. We make the world more efficient and safer by enabling our customers to achieve more in both daily operations and emergency response.

Contacts

lele.yao@hytera.com

Eutelsat Announces the Completion of Its Comprehensive Re-Financing Plan, With Closing of €1.5 Billion Bond Offering




Eutelsat Announces the Completion of Its Comprehensive Re-Financing Plan, With Closing of €1.5 Billion Bond Offering

PARIS–(BUSINESS WIRE)–Regulatory News:

Eutelsat (ISIN: FR0010221234 – Euronext Paris / London Stock Exchange: ETL, the “Group”) today announces the closing of its €1.5 billion senior notes offering on 5 March 2026.

This transaction represents the final milestone in the Group’s comprehensive c. €5 billion equity and debt financing strategy, supported by its main shareholders. It aims to support the Group’s long-term strategic vision through the deployment of its Low Earth Orbit (“LEO”) satellite activities while strengthening its financial flexibility by accelerating its debt reduction.

In late 2025, Eutelsat completed a €1.5 billion two-part equity raise through:

• Reserved Capital Increases for a gross amount of €828 million at a price per share of €4.00, subscribed by the French Republic via the Agence des Participations de l’Etat Bharti Space Ltd, His Majesty’s Government, via The Secretary of State for Science, Innovation and Technology of the United Kingdom CMA CGM Participations and the Fonds Stratégique de Participations.
• A Rights Issue of approximately €670 million, in which the above-mentioned shareholders exercised their rights.

The successful execution of this capital raise led to rating upgrades from Moody’s and Fitch to Ba3 (+2 notches) and BB (+3 notches) respectively enhancing Eutelsat’s ability to tap Debt Capital Markets and raise Export Credit Financing to complete the financing needs of its medium-term plan.

In parallel with the capital increases, Eutelsat designed a global debt financing plan including bond financing, export credit financings and an extension of bank debt maturities aimed at enabling the Group to finance its medium-term plan and cover investments of approximately €4 billion over the period 2026-2029.

A key objective of the debt financing plan was to simplify the Group’s capital structure by (i) removing structural subordination as most of the existing debt of the Group previously sat at the level of Eutelsat SA subsidiary, and (ii) waiving cash circulation constraints from existing debt agreements.

This plan was conducted in four parts:

• November 2025: €900 million Senior Facilities Agreement comprising a €400 million term loan and a €500 million revolving credit facility, to refinance the €450m RCF raised in 2024 at Eutelsat SA level with a maturity date in April 2027, the €100m RCF sitting at Eutelsat Communications level with a maturity date in July 2027 and the €400m Term Loan sitting at Eutelsat Communications level with a maturity date in June 2027.

• February 2026: Signing of c.€1 billion in Export Credit Agency (ECA) financing, backing the procurement of 440 LEO satellites from Airbus Defence and Space. These satellites will ensure full operational continuity for customers of the OneWeb LEO constellation, by progressively replacing existing satellites as their operational life comes to an end.

• February 2026: Amendment and Restatement Agreement with the European Investment Bank (EIB) in connection with the change of borrower (from Eutelsat SA to Eutelsat Communications SA) of the €200 million term loan dated December 2028.

• February 2026: Eutelsat Communications priced a €1.5 billion dual-tranche senior unsecured note comprised of a € 850 million 5-year tranche and a €650 million 7-year tranche with coupons of 5.75% and 6.25% respectively. The proceeds will redeem in full two sets of notes issued by Eutelsat SA: the €600 million 2.25% notes due 2027, and the €600 million 9.75% notes due 2029.

The closing of this bond issuance on 5 March 2026, was the last condition precedent to the effectiveness of the SFA, ECA and EIB debt transactions, concluding a multi-stage capital structure reorganisation initiated in 2025. These four unsecured debt instruments will sit at Eutelsat Communications SA level and will rank pari-passu, benefitting from upstream guarantees from Eutelsat SA and OneWeb Holdings Ltd.

Sebastien Rouge, Chief Financial Officer at Eutelsat said, “Eutelsat has reached a major milestone with the completion of its comprehensive financing plan, marking a decisive turning point in the Group’s transformation. With this strengthened financial foundation, Eutelsat is well positioned to accelerate the deployment of its multi-orbit strategy, support the future European IRIS² constellation, and reinforce its position as Europe’s leading provider of space connectivity.”

+++ENDS+++

About Eutelsat

Eutelsat is a global leader in satellite communications, delivering connectivity and broadcast services worldwide. Eutelsat was formed through the combination of the Company and OneWeb in 2023, becoming the first fully integrated GEO-LEO satellite operator with a fleet of 33 Geostationary (GEO) satellites and a Low Earth Orbit (LEO) constellation of more than 600 satellites. Eutelsat addresses the needs of customers in four key verticals of Video, where it distributes around 6,300 television channels, and the high-growth connectivity markets of Mobile Connectivity, Fixed Connectivity, and Government Services. Eutelsat’s unique suite of in-orbit assets and ground infrastructure enables it to deliver integrated solutions to meet the needs of global customers. The Company is headquartered in Paris and Eutelsat employs more than 1,600 people across more than 75 countries. Eutelsat is committed to delivering safe, resilient, and environmentally sustainable connectivity to help bridge the digital divide. The Company is listed on the Euronext Paris Stock Exchange (ticker: ETL) and the London Stock Exchange (ticker: ETL).

Find out more at www.eutelsat.com

DISCLAIMER

The forward-looking statements included herein are for illustrative purposes only and are based on management’s views and assumptions as of the date of this document. Such forward-looking statements involve known and unknown risks. For illustrative purposes only, such risks include but are not limited to: risks related to the health crisis; operational risks related to satellite failures or impaired satellite performance, or failure to roll out the deployment plan as planned and within the expected timeframe; risks related to the trend in the satellite telecommunications market resulting from increased competition or technological changes affecting the market; risks related to the international dimension of the Group’s customers and activities; risks related to the adoption of international rules on frequency coordination and financial risks related, inter alia, to the financial guarantee granted to the Intergovernmental Organization’s closed pension fund, and foreign exchange risk. Eutelsat Communications expressly disclaims any obligation or undertaking to update or revise any projections, forecasts or estimates contained in this document to reflect any change in events, conditions, assumptions, or circumstances on which any such statements are based, unless so required by applicable law. The information contained in this document is not based on historical fact and should not be construed as a guarantee that the facts or data mentioned will occur. This information is based on data, assumptions and estimates that the Group considers as reasonable.

Contacts

Media enquiries

Joanna Darlington

Tel. +33 674 521 531

Joanna.darlington@eutelsat.com

Anita Baltagi

Tel. +33 643 930 178

anita.baltagi@eutelsat.com

Katie Dowd

Tel. +1 202 271 2209

katie.dowd@eutelsat.com

Investors
Joanna Darlington

Tel. +33 674 521 531

Joanna.darlington@eutelsat.com

Hugo Laurens-Berge

Tel. +33 670 80 95 58

hugo.laurens-berge@eutelsat.com

Skimmer and Heritage Pool Supply Announce Strategic Partnership to Modernize Pool Industry Operations




Skimmer and Heritage Pool Supply Announce Strategic Partnership to Modernize Pool Industry Operations

AUSTIN, Texas–(BUSINESS WIRE)–The first phase of the Skimmer–Heritage integration enables Skimmer customers to sync Heritage product data directly into their Skimmer accounts. This live connection ensures product information remains accurate and up to date, helping pool professionals manage products, costs, and pricing with greater accuracy and confidence.

With the launch, Skimmer customers can:

• Sync Heritage products into Skimmer with live updates
• View detailed product descriptions and current pricing
• Bulk import Heritage products and keep them automatically updated
• Use advanced product mapping to control how products sync and align with existing items
• Apply markups so pricing is updated in real time, protecting margin

“This partnership is more than an integration with Skimmer. Our partnership with Heritage is centered on a shared commitment to modernizing the pool and spa industry through smarter, more connected digital experiences. By aligning Heritage’s scale, product expertise, and supply chain leadership with Skimmer’s industry-specific software platform, we’re helping pool and spa professionals run more efficient, informed, and profitable businesses,” said Jack Nelson, CEO at Skimmer.

“At Heritage, we’re focused on helping pool service professionals operate in more connected, efficient ways as the industry evolves. Our partnership with Skimmer reflects a shared vision for reducing friction and bringing smarter, more integrated workflows to the professionals we serve. This integration is just the beginning, and we’re excited about the innovation and value we’ll continue to deliver together,” said Scott Frost, President of Heritage Pool Supply Group.

Looking ahead, this integration represents the first step in a broader roadmap. Later this year, Skimmer plans to introduce functionality that allows customers to view real-time product availability, order Heritage products, and manage purchasing workflows directly within Skimmer.

By combining Heritage’s deep distribution footprint with Skimmer’s purpose-built software for pool service operations, the partnership aims to evolve alongside the industry—giving pool professionals better visibility into the products they use every day while reducing manual work and disconnected systems.

The Skimmer–Heritage integration is available to customers now.

About Heritage Pool Supply Group

Heritage Pool Supply Group has grown to become one of the largest and fastest growing pool supply distributors in the United States. Since its inception in 2021, Heritage has established a differentiated growth strategy and entrepreneurial culture that is focused on serving customers, partnering with suppliers, and attracting the industry’s best talent. Heritage currently operates under a family of distinct local brands encompassing more than 160 locations across 36 states. Heritage Pool Supply Group is a wholly owned subsidiary of SRS Distribution Inc., one of the largest and fastest-growing wholesale distributors in the United States.

About Skimmer

Skimmer is one of America’s leading pool service platforms. The company is on a mission to modernize the pool and spa service and repair industry through easy-to-use software and best-in-class support. Over 35,000 pool service professionals servicing 1,000,000+pools in North America use Skimmer to get organized, get paid faster, and grow their businesses. For more information about this report, Skimmer, or our products and services, please visit www.getskimmer.com.

Contacts

For media inquiries, please reach out to:

Press@getskimmer.com

Bullish releases February 2026 monthly metrics




Bullish releases February 2026 monthly metrics

CAYMAN ISLANDS–(BUSINESS WIRE)–Bullish (NYSE: BLSH), an institutionally focused global digital asset platform that provides market infrastructure and information services, released its monthly metrics for February 2026 on Friday, March 6, 2026.

These metrics include trading volume, average trading spread, and measures of volatility for Bitcoin and Ethereum. For definitions and additional information regarding these metrics, please refer to the monthly metrics packages available on investors.bullish.com.

About Bullish

Bullish (NYSE: BLSH) is an institutionally focused global digital asset platform that provides regulated market infrastructure and information services. This includes Bullish Exchange – an institutionally focused digital assets spot and derivatives exchange, integrating a high-performance central limit order book matching engine with automated market making to provide deep and predictable liquidity. Bullish Europe is regulated under MiCAR as a crypto asset service provider offering spot trading and custody services for digital assets.

Bullish is the parent company of CoinDesk, a leading provider of digital asset media and information services. CoinDesk’s offerings include: CoinDesk Indices – a collection of tradable proprietary and single-asset benchmarks and indices that track the performance of digital assets for global institutions in the digital assets and traditional finance industries; CoinDesk Data – a broad suite of digital asset market data and analytics, providing real-time insights into prices, trends and market dynamics; and CoinDesk Insights – a digital asset media and events provider and operator of coindesk.com, a digital media platform that covers news and insights about digital assets, the underlying markets, policy and blockchain technology.

For more information, please visit bullish.com and follow LinkedIn and X.

Use of Websites to Distribute Material Company Information

We use the Bullish Investor Relations website (investors.bullish.com) and our X account (x.com/bullish) to publicize information relevant to investors, including information that may be deemed material, in addition to filings we make with the U.S. Securities and Exchange Commission (SEC) and press releases. We encourage investors to regularly review the information posted on our website and X account in addition to our SEC filings and press releases to be informed of the latest developments.

Source: Bullish

Additional Information & Disclosures

This monthly metrics package provides certain limited purpose monthly performance results of Bullish. This information is presented without commentary and should be read together with our most recent quarterly and annual results and our filings with the U.S. Securities and Exchange Commission (SEC), which are available on our Investor Relations website at investors.bullish.com.

The information provided is unaudited and the information for the months in the most recent fiscal quarter is preliminary, based on our estimates and subject to completion of our financial closing procedures. Final results for the quarter, as reported in our SEC filings, might vary from the information provided in this monthly metrics package.

Bullish expects to release monthly metrics packages for the prior month’s performance after the end of each month.

We use our Investor Relations website (investors.bullish.com) and our X account (x.com/bullish) to publicize information relevant to investors, including information that may be deemed material, in addition to filings we make with the SEC and press releases. We encourage investors to regularly review the information posted on our website and X account in addition to our SEC filings and press releases to be informed of the latest developments.

Definitions

Trading Volume represents the notional value of trades, i.e. the product of the quantity of assets transacted and the trade price at the time the transaction was executed. The quantity represents the total U.S. dollar equivalent value of matched trades transacted between a buyer and seller through our platform during the period of measurement.

Average Trading Spread represents total commissions earned from transactions on the Bullish Exchange for the period, expressed as a percentage of the trading volume for the period. Management reviews this metric, which reflects the cost of trading on the Bullish Exchange, changes in fair value of perpetual futures, and rebates, for insight into the average revenue generated per unit of trading volume on our platform.

Volatility is calculated using 1-minute price intervals from Coindesk Data’s Adaptive Diversified Liquidity Index for BTC and ETH. We determine the daily volatility by measuring the standard deviation of these minute-by-minute price changes, which provides a more granular view of price fluctuations. This daily figure is then converted to an annualized volatility by multiplying it by the square root of 365, a standard practice for making risk metrics comparable over a one-year period.

Contacts

Media: media@bullish.com
Investor Relations: investors@bullish.com

BW LPG Limited: Management Share Option Plan “LTIP 2022” – Award and Exercise of Share Options




BW LPG Limited: Management Share Option Plan “LTIP 2022” – Award and Exercise of Share Options

SINGAPORE–(BUSINESS WIRE)–On 3 March 2026, the Board of Directors of BW LPG Limited (“BW LPG” or the “Company”, OSE ticker code: “BWLPG.OL”, NYSE ticker code “BWLP) has approved the award of share options to senior management and certain employees of the Company.

This is the final annual award of share options under the five-year long-term management share option plan (“LTIP 2022”) which was launched on 1 March 2022. The options are awarded in connection with the publication of the quarterly report for Q4 2025 and the total number of options that are awarded in 2026 is 506,631.

On 4 March 2026, certain primary insiders have exercised vested share options. The exercised options will be settled by the Company by transfer of treasury shares which the Company has bought in the market for this purpose. Following the transfer, the Company will hold 7,467,396 treasury shares.

Please find more details as described below and in the attached forms.

Kristian Sorensen, Chief Executive Officer 

Options granted in 2026: 220,647 

Options (granted on 28 February 2023) exercised, each having a strike price of NOK 32.192: 120,647 

Options (granted on 1 October 2023) exercised, each having a strike price of NOK 85.907: 100,000

Samantha Xu, Chief Financial Officer 

Options granted in 2026: 85,000

Prodyut Banerjee, Chief Operations Officer 

Options granted in 2026: 50,812 

Options (granted in 2023) exercised, each having a strike price of NOK 32.192: 50,812

Knut-Helge Knutsen, Chief Technical Officer 

Options granted in 2026: 50,812 

Options (granted in 2023) exercised, each having a strike price of NOK 32.192: 50,812

About BW LPG

BW LPG is the world’s leading owner and operator of LPG vessels, with a fleet of about 50 Very Large Gas Carriers (VLGCs), including 22 vessels powered by LPG dual-fuel propulsion technology. Building on over five decades of LPG shipping experience, the company is strengthened by an in-house LPG trading division and the commercial expertise to explore investments in value chain assets. Together, these capabilities enable BW LPG to provide trusted and reliable services for sourcing and delivering LPG to customers worldwide. Delivering energy for a better world – more information about BW LPG can be found at www.bwlpg.com.

BW LPG is associated with BW Group, a leading global maritime company involved in shipping, floating infrastructure, deepwater oil & gas production, and new sustainable technologies. Founded in 1955 by Sir YK Pao, BW controls a fleet of over 450 vessels transporting oil, gas and dry commodities, with its 200 LNG and LPG ships constituting the largest gas fleet in the world. In the renewables space, the group has investments in solar, wind, batteries, and water treatment.

This information is subject to disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act and article 19 of the EU Market Abuse Regulation.

Contacts

For further information, please contact:
Samantha Xu

Chief Financial Officer

E-mail: investor.relations@bwlpg.com

Graphene Launches Authorised Investment Platform for Alpha Investment Office




Graphene Launches Authorised Investment Platform for Alpha Investment Office

Platform delivers regulated infrastructure, custody connectivity and end-to-end investment operations to support Alpha’s growth strategy

LONDON–(BUSINESS WIRE)–#AssetManagement–Graphene Platforms Limited, Europe’s leading wealth management solution, today announced the launch of Alpha Investment Office’s new regulated investment platform, delivered through Graphene’s authorised infrastructure.

Alpha Investment Office now benefits from Graphene’s Wealth Gateway, a technology-enabled investment infrastructure designed to support seamless securities execution, integrated custody connectivity, and streamlined investment administration through a unified digital environment. At the core of the platform is a secure Private Data Cloud enabling real-time data management, automated reporting, and full lifecycle visibility across investment operations.

Graphene’s platform integrates directly into Alpha’s operating model, orchestrating transaction flows, connecting custody and execution counterparties, and enabling efficient, digitally driven investment operations. This architecture allows Alpha to focus on client strategy, adviser enablement, and growth, while investment activity is delivered through scalable, secure, institutional-grade infrastructure.

The launch builds on strong recent momentum for Graphene, following its strategic partnership with SEI® (NASDAQ: SEIC). Through this collaboration, SEI Investments (Europe) Limited (SIEL) is supporting the continued expansion of Graphene’s infrastructure offering across wealth managers, family offices, and independent financial advisers. In addition, SEI Ventures Inc., SEI’s U.S.-based venture capital program, has made a strategic investment in Graphene – reinforcing confidence in the platform’s long-term growth trajectory and European expansion.

Commenting on the launch, Kevin Mitchell, CEO & Co-Founder of Graphene, said:

“Stefano is a seasoned and respected entrepreneur, creating yet another high-quality private client wealth offering with a clear eye on the future. I’m genuinely excited to see how our relationship with Alpha Investment Office develops over the next five years and I am proud that Graphene can play a role in that journey and vision.”

Alpha Investment Office was established to provide an innovative full-service platform for wealth advisers seeking to build their own wealth management businesses focused on high-net-worth and entrepreneurial clients. The firm selected Graphene’s authorised infrastructure to underpin its regulated operations and support long-term scalability.

Stefano Del Federico, Founder & CEO of Alpha Investment Office, added:

“We are very pleased to be partnering with such a ground- breaking and advanced business like Graphene, as part of the build out and launch of Alpha Investment Office’s innovative full-service platform for wealth advisers, looking to start their own wealth management business serving the demanding High Net Worth and Entrepreneur client community.

Having been at the forefront of numerous wealth management and technology developments over the last 25 years, Graphene have proved to be, without exception, the only partner that has the credibility, depth of understanding and capabilities to successfully operate in the High Net Worth Wealth Management sector, and we wholly endorse Kevin and his team for their innovation, service and delivery, in a sector that is ripe for disruption.”

For more information about Graphene and its infrastructure offering, visit www.grapheneplatforms.com and follow the company on LinkedIn at https://www.linkedin.com/company/grapheneplatforms/.

About Graphene

Graphene is Europe’s leading wealth management platform, providing firms with institutional-grade operating infrastructure that enables scale, control, and strategic flexibility. Built to power modern wealth businesses, Graphene delivers a fully integrated platform across custody, operations, and reporting — giving firms ownership of their middle layer and the ability to grow without constraint. Delivering intelligent infrastructure for wealth management.

Contacts

Media Contact:
Manish Patel

EVP Communications

Graphene Platforms Limited

E: manish@grapheneplatforms.com
T: 0800 538 5405

7 Savoy Court

London, WC2R 0EX

United Kingdom

Graphene Launches Authorised Investment Platform for Alpha Investment Office




Graphene Launches Authorised Investment Platform for Alpha Investment Office

Platform delivers regulated infrastructure, custody connectivity and end-to-end investment operations to support Alpha’s growth strategy

LONDON–(BUSINESS WIRE)–#AssetManagement–Graphene Platforms Limited, Europe’s leading wealth management solution, today announced the launch of Alpha Investment Office’s new regulated investment platform, delivered through Graphene’s authorised infrastructure.

Alpha Investment Office now benefits from Graphene’s Wealth Gateway, a technology-enabled investment infrastructure designed to support seamless securities execution, integrated custody connectivity, and streamlined investment administration through a unified digital environment. At the core of the platform is a secure Private Data Cloud enabling real-time data management, automated reporting, and full lifecycle visibility across investment operations.

Graphene’s platform integrates directly into Alpha’s operating model, orchestrating transaction flows, connecting custody and execution counterparties, and enabling efficient, digitally driven investment operations. This architecture allows Alpha to focus on client strategy, adviser enablement, and growth, while investment activity is delivered through scalable, secure, institutional-grade infrastructure.

The launch builds on strong recent momentum for Graphene, following its strategic partnership with SEI® (NASDAQ: SEIC). Through this collaboration, SEI Investments (Europe) Limited (SIEL) is supporting the continued expansion of Graphene’s infrastructure offering across wealth managers, family offices, and independent financial advisers. In addition, SEI Ventures Inc., SEI’s U.S.-based venture capital program, has made a strategic investment in Graphene – reinforcing confidence in the platform’s long-term growth trajectory and European expansion.

Commenting on the launch, Kevin Mitchell, CEO & Co-Founder of Graphene, said:

“Stefano is a seasoned and respected entrepreneur, creating yet another high-quality private client wealth offering with a clear eye on the future. I’m genuinely excited to see how our relationship with Alpha Investment Office develops over the next five years and I am proud that Graphene can play a role in that journey and vision.”

Alpha Investment Office was established to provide an innovative full-service platform for wealth advisers seeking to build their own wealth management businesses focused on high-net-worth and entrepreneurial clients. The firm selected Graphene’s authorised infrastructure to underpin its regulated operations and support long-term scalability.

Stefano Del Federico, Founder & CEO of Alpha Investment Office, added:

“We are very pleased to be partnering with such a ground- breaking and advanced business like Graphene, as part of the build out and launch of Alpha Investment Office’s innovative full-service platform for wealth advisers, looking to start their own wealth management business serving the demanding High Net Worth and Entrepreneur client community.

Having been at the forefront of numerous wealth management and technology developments over the last 25 years, Graphene have proved to be, without exception, the only partner that has the credibility, depth of understanding and capabilities to successfully operate in the High Net Worth Wealth Management sector, and we wholly endorse Kevin and his team for their innovation, service and delivery, in a sector that is ripe for disruption.”

For more information about Graphene and its infrastructure offering, visit www.grapheneplatforms.com and follow the company on LinkedIn at https://www.linkedin.com/company/grapheneplatforms/.

About Graphene

Graphene is Europe’s leading wealth management platform, providing firms with institutional-grade operating infrastructure that enables scale, control, and strategic flexibility. Built to power modern wealth businesses, Graphene delivers a fully integrated platform across custody, operations, and reporting — giving firms ownership of their middle layer and the ability to grow without constraint. Delivering intelligent infrastructure for wealth management.

Contacts

Media Contact:
Manish Patel

EVP Communications

Graphene Platforms Limited

E: manish@grapheneplatforms.com
T: 0800 538 5405

7 Savoy Court

London, WC2R 0EX

United Kingdom