Another Bubble, So It Goes

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Yong Rong, a fund, apparently decided to put a good chunk of change – $38.85 million, give or take – into Webull. Webull, you see, is a place where people buy and sell little bits of companies. It’s a modern miracle, really. Or a slow-motion disaster. Hard to say.

What Happened

They bought 5 million shares. Just…bought them. As if that solves anything. The paperwork was filed, the money exchanged hands. It’s all terribly efficient. And meaningless, when you think about it. Which, of course, we must do. Or not. It doesn’t much matter, in the long run.

What Else to Know

That $38.85 million represents 11.78% of the fund’s holdings. Nearly a tenth of everything they’ve got, riding on this one little digital brokerage. It’s a bold move. Or a desperate one. Possibly both. Here’s what else they own, in case you’re keeping score of the inevitable collapse:

  • NYSE: CRCL: $78.84 million (24.0% of AUM)
  • NASDAQ: GOOGL: $47.01 million (14.3% of AUM)
  • NASDAQ: SUPX: $43.09 million (13.1% of AUM)
  • NASDAQ: BULL: $38.85 million (11.78% of AUM)
  • NASDAQ: ETHA: $32.91 million (10.0% of AUM)

As of January 29th, Webull shares were at $7.34. A price that suggests…well, let’s just say it doesn’t scream “unstoppable growth.” So it goes.

Company Overview

Metric Value
Price (as of 1/29/26) $7.34
Market capitalization $3.68 billion
Revenue (TTM) $513.50 million
Net Income (TTM) $32.49 million

Company Snapshot

Webull offers a platform for people to trade stocks. They also offer…other things. Wealth management, data, a community. It’s all very modern. Very…digital. They have a lot of employees. And a lot of users. It’s a business. A perfectly ordinary, slightly unsettling business.

They serve a lot of people, and they’re very good at serving them. It’s impressive, really. But what does it all mean? It doesn’t. Not really. It’s just…scale. And algorithms. And the endless pursuit of slightly more money. So it goes.

What This Transaction Means for Investors

Putting 12% of a portfolio into one stock is…optimistic. Or reckless. It depends on your perspective. And your tolerance for risk. And the general state of the universe, which, let’s be honest, isn’t great.

Webull is in a tough spot. The stock isn’t soaring. Competition is fierce. And the whole fintech thing…well, it’s had its ups and downs. But they have millions of users. And a global reach. And a trading ecosystem that appeals to younger investors. Which is…something.

Their revenue climbed 55% recently. Which is good. But it’s tied to market activity. And market activity is…unpredictable. When people feel good, they trade. When they feel bad, they don’t. It’s a simple equation. But it’s a powerful one. And when the risk appetite returns, these platforms tend to re-rate quickly. Until they don’t. So it goes.

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2026-01-31 00:43