Company: CRCL
Filing Date: 2025-08-12
Form Type: S-1
Source: 0001193125-25-178989
Chunk: 441

Company: Circle Internet Group, Inc.
Filing Date: 2025-08-12
Form: S-1
Chunk 441
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08/15/32 |     |              |   420,052,500 |     |           |    389,640,030 |
|                            |     |                       |      |     |          |          |     |          |          |     |       |           |     | $        | 31,439,000,000 |     |                    |               |     |                                                                    |     |              |               |     | $         | 32,067,780,930 |

Fair Value Hierarchy as of Period End Various inputs are used in determining the fair value of financial instruments at the measurement date. For a description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to the Notes to Financial Statements. The following table summarizes the Fund’s financial instruments categorized in the fair value hierarchy. The breakdown of the Fund’s financial instruments into major categories is disclosed in the Schedule of Investments above.

| Assets                    
 Investments               
 Short-Term Securities     |     | Level 1 |   |     | Level 2 |                |     | Level 3 |   |     | Total |                |
|:--------------------------|:----|:--------|:--|:----|:--------|---------------:|:----|:--------|:--|:----|:------|---------------:|
| Repurchase Agreements     |     | $       | — |     | $       | 31,439,000,000 |     | $       | — |     | $     | 31,439,000,000 |
| U.S. Treasury Obligations |     |         | — |     |         | 25,481,680,269 |     |         | — |     |       | 25,481,680,269 |
|                           |     | $       | — |     | $       | 56,920,680,269 |     | $       | — |     | $     | 56,920,680,269 |

See notes to financial statements. F-86

Statement of Assets and Liabilities April 30, 2025

| ASSETS                                  |     | Circle       
 Reserve Fund |                |
|:----------------------------------------|:----|:-------------|---------------:|
| Investments, at value — unaffiliated(a) |     | $            | 25,481,680,269 |
| Cash                                    |     |              |  1,004,132,744 |
| Repurchase