Company: CRCL
Filing Date: 2025-02-13
Form Type: DRS/A
Source: 0000950123-25-001965
Chunk: 294

Company: Circle Internet Group, Inc.
Filing Date: 2025-02-13
Form: DRS/A
Chunk 294
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 3, 2022 (commencement of operations) through April 30, 2023 of Circle Reserve Fund |     |      |      |
| Report of Independent Registered Public Accounting Firm                                                                  |     |      | F-55 |
| Schedule of Investments                                                                                                  |     |      | F-56 |
| Statement of Assets and Liabilities                                                                                      |     |      | F-59 |
| Statement of Operations                                                                                                  |     |      | F-60 |
| Statements of Changes in Net Assets                                                                                      |     |      | F-61 |
| Financial Highlights                                                                                                     |     |      | F-62 |
| Notes to Financial Statements                                                                                            |     |      | F-63 |

F-1

CONFIDENTIAL TREATMENT REQUESTED BY CIRCLE INTERNET GROUP, INC. PURSUANT TO 17 C.F.R. § 200.83

Report of Independent Registered Public Accounting Firm

To the Stockholders and Board of Directors of

Circle Internet Group, Inc.

Opinion on the Financial Statements

We have audited the accompanying consolidated balance sheets of Circle Internet Financial Limited and subsidiaries (the
“Company”) as of December 31, 2023 and 2022, the related consolidated statements of operations, comprehensive income (loss), changes in redeemable convertible preferred stock and stockholders’ (deficit)/equity, and cash flows for
the years then ended, and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of
December 31, 2023 and 2022, and the results of its operations and its cash flows for the years then ended, in conformity with accounting principles generally accepted in the United States of America.

Change in Accounting Principle

As discussed in Note 2 to the financial
statements, the Company adopted Staff Accounting Bulletin No. 122 retrospectively in the accompanying 2023 and 2022 financial statements.

Basis for Opinion

These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on the Company’s financial
statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal
securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We