Company: CRCL
Filing Date: 2025-04-18
Form Type: S-1/A
Source: 0001193125-25-084832
Chunk: 341

Company: Circle Internet Group, Inc.
Filing Date: 2025-04-18
Form: S-1/A
Chunk 341
---
 |

| (1) |     | Represents $1.4 million of embedded derivatives in fair value hedging relationships as of December 31, 2023. The hedging relationships were de-designated upon the adoption of ASU 2023-08 on January 1, 2024. |

The following table summarizes notional amounts related to derivatives and embedded derivatives (in thousands):

| Table 10.2. Notional Amounts of Derivative and Embedded Derivative Assets and Liabilities |     |   | December 31, 2024 |     |   | December 31, 2023 |
|:------------------------------------------------------------------------------------------|:----|:--|------------------:|:----|:--|------------------:|
| Obligation to return digital asset collateral — embedded derivatives (1)                  |     | $ |                 — |     | $ |             1,905 |
| Investments — embedded derivatives                                                        |     | $ |               791 |     | $ |             1,590 |
| Investments — derivatives                                                                 |     | $ |               384 |     | $ |             1,244 |

| (1) |     | Represents $1.9 million of notional value associated with embedded derivatives in fair value hedging relationships as of December 31, 2023. The hedging relationships were de-designated upon the adoption of ASU 2023-08 
 on January 1, 2024.                                                                                                                                                                                                       |

Gains (losses) on derivatives and embedded derivatives are as follows (in thousands):

| Table 10.3. Gains (losses) on Derivative and Embedded Derivatives        |     | Year ended December 31, |  2024 |     |        |   |     |           |       |     |             |  2023 |     |        |        |   |     |           |       |   |     |             |    2022 |   |     |        |   |     |           |         |   |
|:-------------------------------------------------------------------------|:----|:------------------------|------:|:----|:-------|:--|:----|:----------|------:|:----|:------------|------:|:----|:-------|:-------|:--|:----|:----------|------:|:--|:----|:------------|--------:|:--|:----|:-------|:--|:----|:----------|