Company: CRCL
Filing Date: 2025-08-12
Form Type: S-1
Source: 0001193125-25-178989
Chunk: 405

Company: Circle Internet Group, Inc.
Filing Date: 2025-08-12
Form: S-1
Chunk 405
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 assets included the following (in thousands):

**Table 8.2. Details of Digital Assets**

|                      |     | December 31, 2023 |        |
|:---------------------|:----|:------------------|-------:|
| Bitcoin              |     | $                 |  4,680 |
| Ether                |     |                   |  3,123 |
| Other digital assets |     |                   |  3,536 |
| Total                |     | $                 | 11,339 |

<div align='center'>F-5 9</div>

The following table summarizes the changes in the fair value of digital assets (in thousands):

**Table 8.3. Changes in the Fair Value of Digital Assets**

| Balance as of December 31, 2023                  |     | $ |  11,339 |   |
| Cumulative effect of the adoption of ASU 2023-08 |     |   |   6,921 |   |
| Addition of digital assets(1)                    |     |   |  12,339 |   |
| Disposition of digital assets(2)                 |     |   | (10,148 | ) |
| Gains(3)                                         |     |   |  13,468 |   |
| Losses(3)                                        |     |   |  (2,589 | ) |
| Balance as of December 31, 2024                  |     | $ |  31,330 |   |

| (1) | Additions primarily represent purchases of digital assets and receipts from customers for services. |

| (2) | Dispositions primarily represent payment for blockchain gas fees and services. |

| (3) | The Company measures gains and losses by each asset held. These amounts include cumulative realized gains of $4.2million and realized losses of $0.9million during the year ended December 31, 2024, respectively. |

Digital assets (gains) losses and impairment consists of the following (in thousands):

**Table 8.4. Digital Assets Gains (losses) and Impairment**

|                                                                      |     | Year ended December 31, 
 2024                    |        |   |     | 2023 |         |   |     | 2022 |          |   |
|:---------------------------------------------------------------------|:----|:------------------------|-------:|:--|:----|:-----|--------:|