Company: CRCL
Filing Date: 2025-05-27
Form Type: S-1/A
Source: 0001193125-25-126208
Chunk: 144

Company: Circle Internet Group, Inc.
Filing Date: 2025-05-27
Form: S-1/A
Chunk 144
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 technology owned by Centre. The intangible asset has an
indefinite life based on the Company’s historical and continuing use of the asset, its importance to the business, and the lack of substantive legal, regulatory, and contractual restrictions on its useful life. In addition, deferred tax assets
and liabilities of $8.7 million and $57.3 million, respectively, were recorded upon completion of the acquisition.

Hashnote Acquisition

In January 2025, we acquired 100% of the ownership interest in Hashnote, which, through its affiliates, is the fund manager of SDYF, a tokenized money
market fund and the issuer of USYC. The fair value of consideration transferred for the Hashnote acquisition was approximately $99.8 million, subject to customary adjustments, consisting of $9.9 million in cash and approximately 2.9 million shares
of our Class A common stock.

Key operating and financial indicators

We regularly review several key operating and non-GAAP financial indicators to evaluate our performance and trends and inform
management’s budgets, financial projections, and strategic decisions. The following table presents our key operating and financial indicators, as well as the relevant GAAP measures, for the periods indicated:

98

|                                                       |     | 2025                                                             | Three months ended 
          March 31, |   |     | 2024 |         |   |     | 2024 | Year ended December 31, |   |     | 2023 |          |   |     | 2022 |          |   |
|:------------------------------------------------------|:----|:-----------------------------------------------------------------|-------------------:|:--|:----|:-----|--------:|:--|:----|:-----|------------------------:|:--|:----|:-----|---------:|:--|:----|:-----|---------:|:--|
|                                                       |     | -in millions, except reserve return rate, daily weighted-average 
 percentage of USDC on platform, and stablecoin market share      |                    |   |     |      |         |   |     |      |                         |   |     |      |          |   |     |      |          |   |
| Key operating data:                                   |     |                                                                  |                    |   |     |      |         |   |     |      |                         |   |     |      |          |   |     |      |          |   |
| USDC in circulation, end of period                    |