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Abstract A sterically strained 32π‐electron antiaromatic bis‐BODIPY macrocycle in which two BODIPY fragments are linked byp‐divinylbenzene groups was prepared and characterized. Unlike regular BODIPYs, the fluorescence in this macrocycle is quenched. The broad signals in the NMR spectra of the macrocycle were explained by the vibronic freedom of thep‐divinylbenzene fragments. The possible diradicaloid nature of the macrocycle was excluded on the basis of variable‐temperature EPR spectra in solution and in solid state, which is indicative of its closed‐shell quinoidal structure. Themeso‐C−H bond in the macrocycle and its precursor BODIPY dialdehyde3forms a weak hydrogen bond with THF and is susceptible for the nucleophilic attack by organic amines and cyanide anion. The reaction products of such a nucleophilic attack havemeso‐sp³carbon atoms and were characterized by NMR, mass spectrometry and, in one case, X‐ray crystallography. Unlike the initial bis‐BODIPY macrocycle, the adducts have strong fluorescence in the 400 nm region. The electronic structure and spectroscopic properties of new chromophores were probed by density functional theory (DFT) and time‐dependent DFT (TDDFT) calculations and correlate well with the experimental data.