Company: CRCL
Filing Date: 2025-08-04
Form Type: DRS
Source: 0000950123-25-006942
Chunk: 406

Company: Circle Internet Group, Inc.
Filing Date: 2025-08-04
Form: DRS
Chunk 406
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                |   |                   |     |         |   |       |     |         |   |        |     |         |   |                   |     |         |   |         |     |         |   |        |
| Convertible debt, net of debt discount                                      |                |   |                 — |     |         |   |     — |     |         | $ | 40,717 |     |         |   |                 — |     |         |   |       — |     |         | $ | 58,487 |
| Obligation to return digital asset collateral — embedded derivatives (2)(4) |                |   |                 — |     |         |   |     — |     |         |   |      — |     |         |   |                 — |     |         |   |   1,392 |     |         |   |      — |
| Warrant liability                                                           |                |   |                 — |     |         |   |     — |     |         |   |  1,591 |     |         |   |                 — |     |         |   |       — |     |         |   |  1,642 |
| Total liabilities                                                           |                |   |                 — |     |         |   |     — |     |         | $ | 42,308 |     |         |   |                 — |     |         | $ |   1,392 |     |         | $ | 60,129 |

| (1) | Prior to January 1, 2024, only digital assets collateral designated as fair value hedged items are                                                
 included under the fair value hierarchy. Subsequent to the adoption of ASU 2023-08 on January 1, 2024, digital assets are measured at fair value. |

| (2) | The fair value measurement is based on the quoted market price of the underlying digital asset. |

F-62

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

| (3) | Excluded the host contract balance of $0.8 million and $1.6 million as of December 31, 2024 and 2023, 
 respectively.                                                                                         |

| (4) | Excluded obligation to return digital asset collateral of $1.9 million, representing the debt host obligation 
 which is not measured