Company: CRCL
Filing Date: 2025-05-16
Form Type: S-1/A
Source: 0001193125-25-121234
Chunk: 416

Company: Circle Internet Group, Inc.
Filing Date: 2025-05-16
Form: S-1/A
Chunk 416
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 and
disclosures in the financial statements and financial highlights. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial
statements and financial highlights. Our procedures included confirmation of securities owned as of April 30, 2023, by correspondence with custodians or counterparties; when replies were not received, we performed other auditing procedures. We
believe that our audit provides a reasonable basis for our opinion.

/s/ Deloitte & Touche LLP

Boston, Massachusetts

June 24, 2024

We have served as the auditor of one or more BlackRock investment companies since 1992.

F-98

| Security                                        
 U.S. Treasury Obligations — 118.7%              
 U.S. Treasury Bills(a)                          |     | Par   
 (000) |               |     | Value |                |   |
|:------------------------------------------------|:----|:------|--------------:|:----|:------|---------------:|:--|
| 4.54%, 05/02/23                                 |     |       | USD 6,164,600 |     | $     |  6,163,826,492 |   |
| 3.54%, 05/04/23                                 |     |       |     1,425,000 |     |       |  1,424,579,583 |   |
| 4.33%, 05/09/23                                 |     |       |     1,582,000 |     |       |  1,580,484,422 |   |
| 4.44%, 05/11/23                                 |     |       |       950,000 |     |       |    948,834,722 |   |
| 4.44%, 05/16/23                                 |     |       |     3,350,000 |     |       |  3,343,846,459 |   |
| 4.24%, 05/18/23                                 |     |       |     1,150,000 |     |       |  1,147,703,819 |   |
| 3.38%, 05/23/23                                 |     |       |     3,220,000 |     |       |  3,213,367,611 |   |
| 4.36%, 05/