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Circle Stock Falls After 10 Million Share Offering - Circle Internet Group (NYSE:CRCL)

Circle plans to sell 10 million Class A shares to raise capital after its stock surged more than 450% since its June IPO, signaling growing investor interest in stablecoins.

  • Circle Internet Group announced a secondary offering of 10 million Class A shares on Tuesday, including 2 million from the company and 8 million from selling stockholders.
  • This offering follows Circle’s IPO on June 5, 2025, after which its stock surged over 450%, driven by strong demand for its USDC stablecoin.
  • The company reported a $428 million loss in Q2, partly due to IPO-related charges, but also revealed 53% revenue growth and its first earnings as a public firm.
  • Circle’s stock fell 6.28% to $152.96 in extended trading Tuesday following the offering announcement, while underwriters hold a 30-day option for an additional 1.5 million shares.
  • The new share sale aims to provide fresh capital, strengthen financial stability, and could increase transparency and attract traditional investors to the crypto sector.
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Benzinga broke the news in New York, United States on Tuesday, August 12, 2025.
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