Company: CRCL
Filing Date: 2025-08-12
Form Type: S-1
Source: 0001193125-25-178989
Chunk: 171

Company: Circle Internet Group, Inc.
Filing Date: 2025-08-12
Form: S-1
Chunk 171
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2025, compared to the net cash provided by investing activities of $52.2 million for the six months ended June 30, 2024, driven primarily by $168.9 million of sales and maturities of available-for-sale securities, which was offset by $99.3 million purchase of available-for-sale securities and $17.9 million capitalization of software development costs for the six months ended June 30, 2024. Financing activities Net cash provided by financing activities was $17.8 billion for the six months ended June 30, 2025, primarily reflecting $17.3 billion increase in net changes in deposits held for stablecoin holders primarily due to the increase in USDC in circulation, and $572.6 million proceeds to the Company from issuance of common stock in connection with the IPO, net of underwriting discounts and commissions and offering costs for the six months ended June 30, 2025, compared with net cash provided by financing activities of $7.6 billion for the six months ended June 30, 2024, primarily reflecting $7.6 billion increase in net changes in deposits held for stablecoin holders primarily due to the increase in USDC in circulation for the six months ended June 30, 2024. Year ended December 31, 2024 compared to year ended December 31, 2023 and year ended December 31, 2023 compared to year ended December 31, 2022 The following table summarizes our cash flows for the periods indicated:

|                                                     |     | Year ended December 31, 
 2024                    |        |     | 2023 |         |   |     | 2022 |              |   |
|:----------------------------------------------------|:----|:------------------------|-------:|:----|:-----|--------:|:--|:----|:-----|-------------:|:--|
|                                                     |     |                         |        |     |      |         |   |     |      | -in millions |   |
| Net cash provided by (used in) operating activities |     | $                       |    345 |     | $    |     140 |   |     | $    |          (73 | ) |
| Net cash provided by (used in) investing activities |     | $                       |    186 |     | $    |   8,510 |   |     | $    |       (8,489 | ) |
| Net cash provided by