Company: CRCL
Filing Date: 2025-04-01
Form Type: S-1
Source: 0001193125-25-070481
Chunk: 140

Company: Circle Internet Group, Inc.
Filing Date: 2025-04-01
Form: S-1
Chunk 140
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 Acquisition

In August 2023, in connection with our entry into the Collaboration Agreement, we acquired the remaining outstanding 50% equity interest
in Centre Consortium LLC (“Centre”) from Coinbase (the “Centre Acquisition”).

Total consideration for the Centre Acquisition was $209.9 million
in the form of approximately 8.4 million of our common shares measured at fair value. Upon completion of the Centre Acquisition, Centre became an indirect wholly-owned consolidated subsidiary of the Company. In December 2023, the Company
dissolved Centre, and its net assets were distributed to another wholly-owned subsidiary of the Company. Substantially all of the assets acquired were associated with a single group of complementary intangible assets associated with stablecoin trade
names, trademarks, and developed technology owned by Centre. The intangible asset has an indefinite life based on the Company’s historical and continuing use of the asset, its importance to the business, and the lack of substantive legal,
regulatory, and contractual restrictions on its useful life. In addition, deferred tax assets and liabilities of $8.7 million and $57.3 million, respectively, were recorded upon completion of the acquisition.

97

Key operating and financial indicators We regularly review several key operating and non-GAAPfinancial indicators to evaluate our performance and trends and inform management’s budgets, financial projections, and strategic decisions. The following table presents our key operating and financial indicators, as well as the relevant GAAP measures, for the periods indicated:

|                                                       |     | Year ended December 31,                   |     2024 |   |     |   |     2023 |   |     |   |     2022 |   |
|:------------------------------------------------------|:----|:------------------------------------------|---------:|:--|:----|:--|---------:|:--|:----|:--|---------:|:--|
|                                                       |     | -in millions, except reserve return rate, 
 daily weighted-average percentage of      
 USDC on platform, and stablecoin market   
 share                                     |          |   |     |   |          |   |     |   |          |   |
| Key operating data:                                   |     |                                           |          |   |     |   |          |   |     |   |          |   |
| USDC in circulation, end of period                    |     | $                                         |   43,857 |   |     | $ |   24,412 |   |     | $ |   44