Bullet Blockchain, Inc. (BULT) Stock Analysis
DELISTED 2025
What happened to Bullet Blockchain, Inc. (BULT) stock?
Bullet Blockchain, Inc. (BULT) no longer trades on public markets. It was delisted in December 2025. The figures below are historical and are not a current quote.
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Bullet Blockchain, Inc. (BULT) trades at $0.118. Bullet Blockchain, Inc. is a financial services company focused on securing the Bitcoin blockchain ledger. Market cap: $46.7M, Sector: Financial services.
Last analyzed: Mar 17, 2026Analyst Coverage for BULT: BULT does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates BULT against Financial Services peers across nine fundamental dimensions and assigns a neutral fundamental signal based on the underlying data.
BULT: 2/2 scored disciplines lean bearish. Dominant signal: Ray Dalio bullish.
How is this calculated? →Bullet Blockchain, Inc. (BULT) Financial Services Profile
Bullet Blockchain, Inc., a financial services company, focuses on securing the Bitcoin blockchain ledger. Operating with a lean structure, the company navigates the volatile cryptocurrency market, emphasizing blockchain security solutions within the capital markets sector. It faces competition from larger, more established players in the blockchain space.
What Is the Investment Thesis for BULT?
Bullet Blockchain, Inc. presents a high-risk, high-reward investment opportunity due to its focus on securing the Bitcoin blockchain ledger. With a market capitalization of $46.7M and a negative P/E ratio of -65.97, the company's financial performance indicates significant challenges. The high beta of 3.60 suggests extreme volatility relative to the market. Growth catalysts include increasing demand for Bitcoin security solutions and potential partnerships within the cryptocurrency industry. However, the company's small size, negative profit margin of -35.6%, and competition from larger players pose substantial risks. Investors should carefully consider the speculative nature of this investment.
Based on FMP financials and quantitative analysis
BULT Key Highlights
Market capitalization of $46.7M, indicating a micro-cap company.
- Negative P/E ratio of -65.97, reflecting current unprofitability.
- Profit margin of -35.6%, highlighting significant operational losses.
- Gross margin of 25.4%, suggesting some efficiency in core operations despite overall losses.
- Beta of 3.60, indicating high volatility compared to the broader market.
Who Are BULT's Competitors?
BULT is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| CEFC Commercial National Financial Corporation | $15.80 | +0.19% | $62.2M | 50 |
| DENI Denali Bancorporation, Inc. | $19.96 | -0.03% | $58.1M | 49 |
| HAFG Holistic Asset Finance Group Co., Ltd. | $0.40 | +13.71% | $29.5M | 38 |
| PLUT Plutus Financial Group Limited | $2.64 | -2.94% | $40.5M | 53 |
| GSIW Garden Stage Limited provides financial services in Hong Kong, including securities dealing and brokerage, underwriting and placing, and asset management. The company | $16.80 | -0.74% | $23.7M | 61 |
| STGC StartEngine Crowdfunding, Inc. | $0.15 | -94.83% | $113M | 61 |
| BBKCF BIGG Digital Assets Inc. | $0.05 | -6.09% | $16.5M | 62 |
| GEVI General Enterprise Ventures, Inc. | $9.08 | +8.61% | $159M | 56 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are BULT's Key Strengths?
Specialized focus on Bitcoin blockchain security.
- Expertise in blockchain technology.
- Early mover advantage in a niche market.
What Are BULT's Weaknesses?
Small size and limited resources.
- Negative profitability and high losses.
- High dependence on the Bitcoin market.
What Could Drive BULT Stock Higher?
Increasing adoption of Bitcoin and other cryptocurrencies driving demand for security solutions.
- Potential partnerships with cryptocurrency exchanges or wallet providers.
- Development and launch of new blockchain security products and services.
What Are the Key Risks for BULT?
Negative return on equity (-2.8%) — the business is not currently generating profit on shareholder capital.
- Weak fundamentals — a Piotroski F-Score of 2/9 flags soft profitability, leverage or efficiency.
- Competition from larger, more established blockchain technology companies.
- Regulatory uncertainty and changes in cryptocurrency regulations.
- Security breaches and technological obsolescence.
- High volatility and price fluctuations in the cryptocurrency market.
What Are the Growth Opportunities for BULT?
- Expansion of Bitcoin Security Services: Bullet Blockchain can capitalize on the increasing demand for Bitcoin security solutions by expanding its service offerings. As the value and adoption of Bitcoin continue to grow, the need for robust security measures will become even more critical. The company can develop new security protocols, threat detection systems, and incident response services to cater to this growing market. The market size for Bitcoin security solutions is projected to reach $5 billion by 2030, presenting a significant growth opportunity for Bullet Blockchain.
- Strategic Partnerships within the Cryptocurrency Industry: Forming strategic partnerships with cryptocurrency exchanges, wallet providers, and other key players in the industry can significantly boost Bullet Blockchain's market reach and credibility. By integrating its security solutions into existing platforms, the company can gain access to a wider customer base and establish itself as a trusted provider of Bitcoin security. These partnerships can also lead to cross-promotional opportunities and joint product development initiatives. The timeline for establishing these partnerships is estimated to be within the next 1-2 years.
- Development of Proprietary Blockchain Security Technology: Investing in the development of proprietary blockchain security technology can provide Bullet Blockchain with a significant competitive advantage. By creating innovative security solutions that are difficult to replicate, the company can differentiate itself from competitors and attract customers seeking cutting-edge protection for their Bitcoin assets. This could involve developing advanced encryption algorithms, anomaly detection systems, or decentralized security protocols. The market for advanced blockchain security technologies is projected to grow rapidly over the next 5 years.
- Geographic Expansion into Emerging Cryptocurrency Markets: Expanding its geographic presence into emerging cryptocurrency markets can provide Bullet Blockchain with access to new customer segments and growth opportunities. Countries with rapidly growing cryptocurrency adoption rates, such as those in Southeast Asia and Latin America, represent attractive markets for the company's Bitcoin security solutions. This expansion could involve establishing local partnerships, setting up regional offices, or tailoring its services to meet the specific needs of these markets. The timeline for geographic expansion is estimated to be within the next 3-5 years.
- Offering Educational Resources and Training Programs: Providing educational resources and training programs on Bitcoin security can help Bullet Blockchain establish itself as a thought leader in the industry and attract new customers. By offering webinars, workshops, and online courses on topics such as Bitcoin security best practices, threat detection, and incident response, the company can educate potential customers on the importance of security and position itself as a trusted provider of solutions. This can also help to build brand awareness and generate leads. The timeline for developing and launching these educational programs is estimated to be within the next 6-12 months.
What Are BULT's Competitive Advantages?
- Specialized focus on Bitcoin blockchain security.
- Expertise in blockchain technology.
- Early mover advantage in a niche market.
What Does BULT Do?
Bullet Blockchain, Inc., based in New York City, operates as a blockchain technology company specializing in securing the Bitcoin blockchain ledger. Founded to address the growing need for enhanced security in the burgeoning cryptocurrency space, the company focuses on providing solutions that ensure the integrity and immutability of the Bitcoin blockchain. Bullet Blockchain's core service involves leveraging blockchain technology to safeguard digital transactions and prevent fraudulent activities within the Bitcoin network. The company's current market position is characterized by its niche focus on Bitcoin blockchain security, operating within the broader financial services sector. While the company's geographic reach is primarily focused in the United States, its services cater to a global audience of Bitcoin users and investors. Bullet Blockchain faces competition from larger, more diversified blockchain technology companies, as well as specialized firms offering similar security solutions.
What Products and Services Does BULT Offer?
- Secures the Bitcoin blockchain ledger.
- Provides blockchain technology solutions.
- Focuses on ensuring the integrity of Bitcoin transactions.
- Offers services to prevent fraudulent activities on the Bitcoin network.
- Operates within the financial services sector.
- Specializes in Bitcoin blockchain security.
How Does BULT Make Money?
- Provides security services for the Bitcoin blockchain.
- Generates revenue through security solutions and services.
- Focuses on the Bitcoin cryptocurrency market.
What Industry Does BULT Operate In?
Bullet Blockchain, Inc. operates within the financial services sector, specifically in the rapidly evolving area of blockchain technology and cryptocurrency security. The industry is characterized by increasing demand for secure blockchain solutions, driven by the growing adoption of cryptocurrencies like Bitcoin. However, the market is also highly competitive, with numerous established players and emerging startups vying for market share. Bullet Blockchain's niche focus on Bitcoin blockchain security positions it within a specialized segment of this broader market. The company faces competition from larger, more diversified blockchain technology firms, as well as specialized security providers.
Who Are BULT's Key Customers?
- Bitcoin users seeking to secure their transactions.
- Investors in Bitcoin requiring blockchain security.
- Cryptocurrency exchanges needing to protect their platforms.
Financial Health
Bullet Blockchain, Inc.'s Piotroski F-Score is 2/9, a 9-point checklist of profitability, leverage and efficiency — flagging fundamental weakness worth scrutiny. Its Altman Z-Score of 4.57 places it in the safe zone, indicating low near-term bankruptcy risk.
Quarterly Financial Performance: Bullet Blockchain, Inc.
Revenue for Bullet Blockchain, Inc. came in at $354K during Q2 2025, a 45.9% contraction versus the preceding quarter. The company recorded a net loss of $173K, with diluted EPS of $-0.00.
BULT Valuation & Market Position
With a $46.7M market cap, Bullet Blockchain, Inc. sits in the micro-cap segment of the market.
Key Financial Metrics
Return on equity for Bullet Blockchain, Inc. stands at -2.8%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is -2.1%, showing how much profit it generates from its asset base. Its free cash flow yield is -6.4%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.08 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is -1.7%, the inverse of the P/E and a quick read on earnings relative to price.
Company Profile
Bullet Blockchain, Inc. operates in the Financial - Capital Markets industry within the Financial Services sector. It is headquartered in New York City, US. The company is led by CEO Kenneth Roberts. BULT has traded publicly since 2000.
BULT Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis
Bull Case vs Bear Case
Bull Case
- Specialized focus on Bitcoin blockchain security.
- Expertise in blockchain technology.
- Early mover advantage in a niche market.
- Ongoing: Increasing adoption of Bitcoin and other cryptocurrencies driving demand for security solutions.
Bear Case
- Small size and limited resources.
- Negative profitability and high losses.
- High dependence on the Bitcoin market.
- Ongoing: Competition from larger, more established blockchain technology companies.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · August 2026
Recent Quarterly Results
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q2 2025 | $353,801 | -$173,444 | -$0.0004 |
| Q1 2025 | $654,435 | -$185,855 | -$0.0005 |
Based on FMP financials and quantitative analysis
BULT Latest News
No recent news available for BULT.
Leadership: Kenneth Roberts
CEO
Kenneth Roberts serves as the CEO of Bullet Blockchain, Inc. His background includes experience in managing small teams and navigating the complexities of the financial technology sector. Roberts' expertise lies in blockchain technology and its applications in securing digital assets. He is responsible for the strategic direction and overall management of the company.
Track Record: Under Kenneth Roberts' leadership, Bullet Blockchain, Inc. has focused on securing the Bitcoin blockchain ledger. Key milestones include establishing the company's presence in the blockchain security market and developing its core security solutions. Roberts has overseen the company's efforts to address the growing need for enhanced security in the cryptocurrency space.
BULT OTC Market Information
The OTC Other tier represents the lowest tier of the OTC market, indicating that Bullet Blockchain, Inc. may not meet the minimum financial standards or disclosure requirements of the higher tiers like OTCQX or OTCQB. Companies in this tier often have limited trading volume and may be subject to greater price volatility. Investing in OTC Other stocks carries significant risks due to the lack of regulatory oversight and potential for fraud or manipulation. Information availability may be limited, making it difficult to assess the company's financial health and prospects.
- OTC Tier: OTC Other
- Limited regulatory oversight due to OTC Other status.
- Lack of publicly available financial information.
- High price volatility and potential for manipulation.
- Limited liquidity and difficulty in exiting positions.
- Potential for fraud or misrepresentation.
- Verify the company's legal registration and business operations.
- Attempt to obtain financial statements or other relevant information.
- Research the background and experience of the company's management team.
- Assess the company's business model and competitive landscape.
- Understand the risks associated with investing in OTC Other stocks.
- Consult with a qualified financial advisor.
- Be prepared to lose your entire investment.
- Company operates in the blockchain technology sector.
- Focuses on Bitcoin blockchain security.
- CEO has experience in managing small teams.
What Investors Ask About Bullet Blockchain, Inc. (BULT) — Financial Services
What happened to Bullet Blockchain, Inc. (BULT) stock?
Bullet Blockchain, Inc. (BULT) no longer trades on public markets. It was delisted in December 2025. The figures below are historical and are not a current quote.
Can I still buy BULT shares?
No. BULT stopped trading on public markets in December 2025, so the shares are not available through a broker. Anything you see quoted for BULT elsewhere is historical data, not a live market.
Are the figures on this page current?
No. Every number here is the last value recorded before BULT stopped trading. Nothing on this page updates, and none of it is a current quote.
Why does this page still exist?
Because people still search for what happened to Bullet Blockchain, Inc.. An archived profile that states the delisting plainly is more useful than a dead link — provided it is labelled as history, which is what this page does.
What does Bullet Blockchain, Inc. do?
Bullet Blockchain, Inc. operates as a blockchain technology company focused on securing the Bitcoin blockchain ledger. The company provides security solutions designed to ensure the integrity and immutability of Bitcoin transactions. By leveraging blockchain technology, Bullet Blockchain aims to prevent fraudulent activities and enhance the overall security of the Bitcoin network.
What do analysts say about BULT stock?
As of 2026-03-17, there is no available analyst coverage or consensus on Bullet Blockchain, Inc. (BULT) stock. Given the company's micro-cap status, OTC listing, and limited financial disclosure, it is unlikely that major brokerage firms or research institutions provide in-depth analysis. Investors should rely on their own due diligence and risk assessment when considering an investment in BULT.
What are the main risks for BULT?
Bullet Blockchain, Inc. faces several significant risks, primarily stemming from its small size, OTC listing, and exposure to the volatile cryptocurrency market. Competition from larger, more established blockchain technology companies poses a major threat to its market share and growth prospects. Regulatory uncertainty surrounding cryptocurrencies could also negatively impact the company's operations and financial performance.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Limited information available on Bullet Blockchain, Inc. due to its OTC listing and lack of financial disclosure.
- AI analysis pending, which may provide further insights into the company's prospects.