Company: CRCL
Filing Date: 2025-08-12
Form Type: S-1
Source: 0001193125-25-178989
Chunk: 404

Company: Circle Internet Group, Inc.
Filing Date: 2025-08-12
Form: S-1
Chunk 404
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3, and 2022, respectively, which is included within Depreciation and amortization expense on the Consolidated Statements of Operations.

**8. Digital assets**

The composition of digital assets included the following (in thousands, except quantity):

**Table 8.1. Details of Digital Assets**

|                      |     | December 31, 2024 |           |     |            |        |     |            |        |
|:---------------------|:----|:------------------|----------:|:----|:-----------|-------:|:----|:-----------|-------:|
|                      |     | Quantity          |           |     | Cost Basis |        |     | Fair Value |        |
| Sui                  |     |                   | 2,304,672 |     | $          |  2,385 |     | $          |  9,483 |
| Bitcoin              |     |                   |        73 |     |            |  2,113 |     |            |  6,781 |
| Ether                |     |                   |     1,746 |     |            |  4,455 |     |            |  5,815 |
| Sei                  |     |                   | 6,250,000 |     |            |  2,385 |     |            |  2,472 |
| Aptos                |     |                   |   217,378 |     |            |  1,487 |     |            |  1,891 |
| Optimism             |     |                   |   867,303 |     |            |  1,330 |     |            |  1,518 |
| Other digital assets |     |                   |       n.m |     |            |  5,603 |     |            |  3,370 |
| Total                |     |                   |           |     | $          | 19,758 |     | $          | 31,330 |

n.m.= not meaningful

As of December 31, 2024, there are certain digital assets with a total fair value of $ 3.9 million subject to various time-based contractual sale restrictions ranging from January 2025 until August 2027.

Prior to the adoption of ASU 2023-08 at January 1, 2024, the Company accounted for its digital assets at cost less impairment. The composition and carrying value of its digital