Company: CRCL
Filing Date: 2025-04-18
Form Type: S-1/A
Source: 0001193125-25-084832
Chunk: 313

Company: Circle Internet Group, Inc.
Filing Date: 2025-04-18
Form: S-1/A
Chunk 313
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     |      | F-60 |
| Financial Highlights                                                                                                     |     |      | F-61 |
| Notes to Financial Statements                                                                                            |     |      | F-62 |
| Financial Statements and Financial Highlights as of April 30, 2023 and for the period from                               
 November 3, 2022 (commencement of operations) through April 30, 2023 of Circle Reserve Fund                              |     |      |      |
| Report of Independent Registered Public Accounting Firm                                                                  |     |      | F-69 |
| Schedule of Investments                                                                                                  |     |      | F-70 |
| Statement of Assets and Liabilities                                                                                      |     |      | F-71 |
| Statement of Operations                                                                                                  |     |      | F-72 |
| Statements of Changes in Net Assets                                                                                      |     |      | F-73 |
| Financial Highlights                                                                                                     |     |      | F-74 |
| Notes to Financial Statements                                                                                            |     |      | F-75 |

F-1

Report of Independent Registered Public Accounting Firm

To the shareholders and the Board of Directors of Circle Internet Group, Inc.:

Opinion on the Financial Statements

We have audited the accompanying
consolidated balance sheets of Circle Internet Group, Inc. and subsidiaries (the “Company”) as of December 31, 2024 and 2023, the related consolidated statements of operations, comprehensive income (loss), changes in redeemable
convertible preferred stock and stockholders’ (deficit)/equity, and cash flows for each of the three years in the period ended December 31, 2024, and the related notes collectively referred to as the “financial statements”. In
our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2024, and 2023, the results of its operations and its cash flows for each of the three years in the period
ended December 31, 2024, in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on the Company’s financial
statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal
securities laws and the applicable rules and