Company: CRCL
Filing Date: 2025-02-13
Form Type: DRS/A
Source: 0000950123-25-001965
Chunk: 148

Company: Circle Internet Group, Inc.
Filing Date: 2025-02-13
Form: DRS/A
Chunk 148
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3, compared to the year ended December 31, 2022, mainly driven by a decrease in spending on marketing campaigns and advertising.

Gain on sale ofintangibleassets. Gain on sale of intangible assets by $ million, or %, for the year ended December 31, 2024, compared to the year
ended December 31, 2023, . Gain on sale of intangible assets decreased by $21.6 million, or 100.0%, for the year ended December 31, 2023, compared to the year ended December 31, 2022, as our sale of certain
assets of SeedInvest closed in May 2023.

Merger termination expenses. Merger termination expenses decreased by $44.2 million, or 100.0%, for the
year ended December 31, 2023, compared to the year ended December 31, 2022, as we terminated our merger agreement in December 2022. There was no such transaction and related expenses in the year ended December 31, 2023.

99

CONFIDENTIAL TREATMENT REQUESTED BY CIRCLE INTERNET GROUP, INC. PURSUANT TO 17 C.F.R. § 200.83 Digital assets (gains) losses and impairment. Digital assets (gains) losses and impairment by $ million, or %, for the year ended December 31, 2024, compared to the year ended December 31, 2023, . Digital assets (gains) losses and impairment increased by $70.9 million, or 123.5%, for the year ended December 31, 2023, compared to the year ended December 31, 2022, primarily driven by a $426.5 million decrease in impairment expense on digital assets (including digital assets held as collateral related to Circle Yield) and a $13.4 million increase in gains on sale of corporate digital assets. This was partially offset by a $211.5 million decrease from a change in the fair value of the embedded derivatives on digital assets held as collateral, and a $158.0 million decrease in gains realized upon return of digital assets held as collateral. Other income (expense), net. Other income (expense), net by $ million, or % in the year ended December 31, 2024, compared to the year ended December 31, 2023, . Other income (expense), net increased by $769.8 million, or 106