Blackstone Trims Bumble Near Multi-Year Lows in Sizable Share Sale
As seen on the 24/7 Wall St. homepage on September 30, 2026.
Blackstone's Bumble vehicle unloaded roughly 3.8 million Class A shares at $2.94 apiece, about $11.1 million in a single day, on a company now worth just $347 million. The sponsor is trimming at a price near the lows rather than waiting for a turnaround, and more selling from the same entity would keep pressure on the float.
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BX Buzz ML-1 GP LLC, Blackstone's dedicated Bumble vehicle, sold 1,652,209 Class A shares on September 30, 2026. The entity shed roughly a fifth of its position in a single transaction, a meaningful reduction.
Blackstone is cutting exposure at a price near the lows. With Bumble's total market value at just $347 million, a sale of this size from a major sponsor carries real weight on the available float.
Any continued selling from the same entity would layer additional supply pressure onto a stock already trading at depressed levels. Investors should keep an eye on whether further filings from BX Buzz ML-1 GP LLC emerge in the weeks ahead.
Sources
Mentioned: BMBL