Company: CRCL
Filing Date: 2025-02-13
Form Type: DRS/A
Source: 0000950123-25-001965
Chunk: 301

Company: Circle Internet Group, Inc.
Filing Date: 2025-02-13
Form: DRS/A
Chunk 301
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F-12

CONFIDENTIAL TREATMENT REQUESTED BY CIRCLE INTERNET GROUP, INC. PURSUANT TO 17 C.F.R. § 200.83 Investment in marketable equity securities Marketable equity securities are recorded at fair value using quoted market prices reported on recognized securities exchanges. Any change in unrealized holding gains or losses on equity securities are included in Other income (expense), netin the Consolidated Statements of Operations. Investment in affiliate, equity method Until the acquisition of the controlling interest in Centre Consortium, LLC (“Centre”) in August 2023, the Company accounted for its 50% equity interest in Centre under the equity method since it had the ability to exercise significant influence, but not control. Refer to Note 3 for additional information regarding the acquisition of the controlling financial interest of Centre. The equity method investment was included in Investmentson the Consolidated Balance Sheets, and its share of income and losses were included in Other income (expense), netin the Consolidated Statements of Operations. Fair value measurements The Company utilizes a fair value hierarchy that prioritizes and ranks the level of observability of inputs used to measure certain assets and liabilities at fair value. The observability of inputs is impacted by a number of factors, including the type of investment, characteristics specific to the investment, market conditions and other factors. Assets and liabilities with readily available quoted prices or for which fair value can be measured from quoted prices in active markets will typically have a higher degree of input observability and a lesser degree of judgment applied in determining fair value. The three levels of the fair value hierarchy are as follows:

| • |     | Level 1: Quoted prices (unadjusted) in active markets for identical investments at the measurement date are 
 used.                                                                                                       |

| • |     | Level 2: Pricing inputs are other than quoted prices included within Level 1 that are observable for the                                                                                                                                       
 investment, either directly or indirectly. Level 2 pricing inputs include quoted prices for similar investments in active markets, quoted prices for identical or similar investments in markets that are not active, inputs other than quoted 
 prices that are observable for the investment, and inputs that are derived principally from or corroborated by observable market data by correlation or other means.                                                                           |

| • |     | Level 3: Pricing inputs are unobservable and include situations where there is little, if any, market activity  
 for the investment. The inputs used in determination of fair value require significant judgment and estimation. |