Company: CRCL
Filing Date: 2025-08-12
Form Type: S-1
Source: 0001193125-25-178989
Chunk: 353

Company: Circle Internet Group, Inc.
Filing Date: 2025-08-12
Form: S-1
Chunk 353
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 (gains)/losses consists of the following (in thousands):

| Table 7.2. Digital Assets (gains)/losses                             |     | Three months endedJune 30, 
 2025                       |      |   |     | 2024 |       |   |     | Six months ended June30, 
 2025                     |       |   |     | 2024 |        |   |
|:---------------------------------------------------------------------|:----|:---------------------------|:-----|:--|:----|:-----|------:|:--|:----|:-------------------------|------:|:--|:----|:-----|-------:|:--|
| (Gains)/losses on disposals of digital assets                        |     | $                          | (7   | ) |     | $    |  (885 | ) |     | $                        |   (30 | ) |     | $    | (2,888 | ) |
| (Gains)/losses on changes in fair value of embedded derivatives      |     |                            | —    |   |     |      |     — |   |     |                          |     — |   |     |      |  1,629 |   |
| Unrealized (gains)/losses on changes in fair value of digital assets |     |                            | (686 | ) |     |      | 3,814 |   |     | $                        | 5,607 |   |     |      |   (185 | ) |
| Total                                                                |     | $                          | (693 | ) |     | $    | 2,929 |   |     | $                        | 5,577 |   |     | $    | (1,444 | ) |

Refer to Note 12 for gains and losses on digital assets held for investments.

| 8. | Investments |

Strategic investments

The Company holds strategic investments in privately held companies as a part of the Company’s strategy to build partnerships across the digital asset ecosystem. The Company also receives certain equity instruments as consideration for services. The Company does not have the ability to exercise significant influence over operating and financial policies of these investments. The carrying amount of these investments was $ 83.8 million and $ 84.1 million as of June 30, 2025 and December 31, 2024, respectively, which are included in Investmentson the unaudited Condensed Consolidated Balance Sheets. The