Company: CRCL
Filing Date: 2025-08-04
Form Type: DRS
Source: 0000950123-25-006942
Chunk: 339

Company: Circle Internet Group, Inc.
Filing Date: 2025-08-04
Form: DRS
Chunk 339
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    (13,820 | ) |     | $    |     15,567 |   |
| Obligations to return digital asset collateral                                                  |     | $                         |          — |   |     | $    |     (1,905 | ) |
| Digital assets collateral received                                                              |     | $                         |          — |   |     | $    |      1,905 |   |
| Non-cash consideration for business combinations                                                |     | $                         |     89,919 |   |     | $    |          — |   |
| Unrealized (loss) gain on convertible notes – credit risk, net of tax                           |     | $                         |        (71 | ) |     | $    |         91 |   |
| Conversion of redeemable convertible preferred stock to common stock in connection with initial 
 public offering                                                                                 |     | $                         |  1,140,502 |   |     | $    |          — |   |
| Deferred offering costs not yet paid                                                            |     | $                         |      2,794 |   |     | $    |          — |   |
| Unrealized gain (loss) on available-for-sale debt securities                                    |     | $                         |          — |   |     | $    |       (233 | ) |

The accompanying notes are an integral part of these condensed unaudited consolidated financial statements. F-8

CONFIDENTIAL TREATMENT REQUESTED BY CIRCLE INTERNET GROUP, INC. PURSUANT TO 17 C.F.R. § 200.83 CIRCLE INTERNET GROUP, INC. AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

| 1. | Description of business |

Overview of the Business On July 1, 2024, Circle Internet Financial Limited (“Circle Ireland”) consummated an Irish High Court-approved scheme of arrangement, pursuant to which issued ordinary shares and preferred shares in the capital of Circle Ireland were cancelled and, in connection with such cancellation, Circle Internet Group, Inc. (“Circle Group”), a Delaware corporation, issued equivalent shares of capital stock (in number and class) to the then-shareholders of Circle Ireland. Upon consummation of the scheme of arrangement, Circle Ireland became a wholly-owned subsidiary of Circle Group. The historical basis of accounting was retained as if the entities had always been combined for financial reporting purposes. The unaudited condensed consolidated financial statements include the accounts of Circle Group and