Company: CRCL
Filing Date: 2025-08-12
Form Type: S-1
Source: 0001193125-25-178989
Chunk: 165

Company: Circle Internet Group, Inc.
Filing Date: 2025-08-12
Form: S-1
Chunk 165
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 |        — |     |         |        — | % |     |         |        — | % |     | $     |        — |     |         |        — | % |     |         |        — | % |     | $     |                       — |     |         |    — | % |     | $     |      — |     |         |    — | % |     | $     |  1,783 |     |         | 0.67 | % |
| Available-for-sale debt securities(1) |                          | $     |        — |     |         |        — | % |     |         |        — | % |     | $     |        — |     |         |        — | % |     |         |        — | % |     | $     |                       — |     |         |    — | % |     | $     |      — |     |         |    — | % |     | $     |  8,749 |     |         | 2.07 | % |

| (1) | Comprised solely of U.S. Treasury securities with a maturity of 91 to 100 days. |

The Circle Reserve Fund is a government money market fund pursuant to Rule 2a-7 under the 1940 Act, holding a portfolio of U.S. Treasury securities with remaining maturities of three months or less, overnight U.S. Treasury repurchase agreements, and cash. As an SEC-registered Rule 2a-7 fund, the securities purchased by the Circle Reserve Fund are subject to the quality, diversification, and other requirements of Rule 2a-7 under the 1940 Act and other rules of the SEC. Under these rules, among other things, a Rule 2a-7 fund (i) must hold securities that are sufficiently liquid to 107

meet reasonably foreseeable shareholder redemptions and any commitments the fund has made to its shareholders, (ii) cannot acquire any security other than cash, direct obligations of the U.S. government, securities that will mature or are subject to a demand feature that is exercisable and payable within one business day, and amounts receivable and due unconditionally within one business day on pending sales of portfolio securities (such assets, collectively, the “daily liquid assets”) if, immediately after the acquisition, the fund would have invested less than 25% of its total assets in such daily liquid assets, (iii) cannot acquire any