Company: CRCL
Filing Date: 2025-08-12
Form Type: S-1
Source: 0001193125-25-178989
Chunk: 454

Company: Circle Internet Group, Inc.
Filing Date: 2025-08-12
Form: S-1
Chunk 454
---
4,601,177,983 |   |     |                         |  25,387,043,168 |   |
| Beginning of period                                                 |     |                     | 25,387,043,168 |   |     |                         |               — |   |
| End of period                                                       |     | $                   | 29,988,221,151 |   |     | $                       |  25,387,043,168 |   |

| (a) | Commencement of operations. |

| (b) | Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |

See notes to financial statements. F-102

FINANCIAL HIGHLIGHTS (For a share outstanding throughout each period)

|                                                    |     | Circle Reserve Fund 
 Institutional       
 Year Ended          
 04/30/24            |            |   |     | Period from 
 11/03/22(a) 
 to 04/30/23 |            |      |
|:---------------------------------------------------|:----|:--------------------|-----------:|:--|:----|:------------|-----------:|:-----|
| Net asset value, beginning of period               |     | $                   |       1.00 |   |     | $           |       1.00 |      |
| Net investment income(b)                           |     |                     |     0.0518 |   |     |             |     0.0210 |      |
| Net realized gain (loss)                           |     |                     |     0.0001 |   |     |             |    (0.0004 | )(c) |
| Net increase from investment operations            |     |                     |     0.0519 |   |     |             |     0.0206 |      |
| Distributions from net investment income(d)        |     |                     |    (0.0519 | ) |     |             |    (0.0206 | )    |
| Net asset value, end of period                     |     | $                   |       1.00 |   |     | $           |       1.00 |      |
| Total Return(e)                                    |     |                     |            |   |     |             |            |      |
| Based on net asset value                           |     |                     |       5.31 | % |     |             |       2.07 | %(f) |
| Ratios to