Company: CRCL
Filing Date: 2025-08-04
Form Type: DRS
Source: 0000950123-25-006942
Chunk: 354

Company: Circle Internet Group, Inc.
Filing Date: 2025-08-04
Form: DRS
Chunk 354
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 | $    | —      |   |     | $                | —      |   |     | $    | 1,629 |
| Accounts receivable, net - embedded derivatives                          |     | $                  |  (408 | ) |     | $    | —      |   |     | $                | (1,384 | ) |     | $    |     — |
| Investments - derivatives and embedded derivatives (2)                   |     | $                  | 1,209 |   |     | $    | (2,734 | ) |     | $                | (4,131 | ) |     | $    |   336 |

| (1) | Included in Digital assets losses (gains) in the unaudited Condensed Consolidated Statements of 
 Operations.                                                                                     |

| (2) | Included in Other (expense) income, net in the unaudited Condensed Consolidated Statements of 
 Operations.                                                                                   |

F-18

CONFIDENTIAL TREATMENT REQUESTED BY CIRCLE INTERNET GROUP, INC. PURSUANT TO 17 C.F.R. § 200.83

| 10. | Fair value measurements |

Recurring fair value measurements The following table sets forth by level, within the fair value hierarchy, the Company’s assets and liabilities measured and recorded at fair value on a recurring basis. The carrying amounts of certain financial instruments, including cash and cash equivalents, accounts receivable, stablecoin receivables, prepaid expenses and other current assets, and accounts payable and accrued expenses approximate their fair values due to their short-term nature.

| Table 10.1. Fair Value Hierarchy                          |     |         | June 30, 2025 |     |         |       |     |         |         |     |         | December 31, 2024 |     |         |       |     |         |        |
|:----------------------------------------------------------|:----|:--------|--------------:|:----|:--------|------:|:----|:--------|--------:|:----|:--------|------------------:|:----|:--------|------:|:----|:--------|-------:|
| (in thousands)                                            |     | Level 1 |               |     | Level 2 |       |     | Level 3 |         |     | Level 1 |                   |     | Level 2 |       |     | Level 3 |        |
| Assets                                                    |     |