Company: CRCL
Filing Date: 2025-05-16
Form Type: S-1/A
Source: 0001193125-25-121234
Chunk: 402

Company: Circle Internet Group, Inc.
Filing Date: 2025-05-16
Form: S-1/A
Chunk 402
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 prepares its financial statements on a semi-annual basis. Financial information of the Circle Reserve Fund is summarized as follows (in thousands):

| Selected Assets and Liabilities Information: |     | 2024 (1) |            |     | 2023 (2) |            |
|:---------------------------------------------|:----|:---------|-----------:|:----|:---------|-----------:|
| Total assets                                 |     | $        | 30,567,886 |     | $        | 23,595,866 |
| Total liabilities                            |     | $        |    129,015 |     | $        |    107,939 |

F-82

| Selected Income Statement Information:               |     | 2024 (1) |           |     | 2023 (2) |           |
|:-----------------------------------------------------|:----|:---------|----------:|:----|:---------|----------:|
| Total investment income                              |     | $        | 1,460,787 |     | $        | 1,173,135 |
| Net increase in net assets resulting from operations |     | $        | 1,437,053 |     | $        | 1,151,901 |

| (1) |     | Summarized financial information is as of October 31, 2024 and for the fiscal year then ended. |

| (2) |     | Summarized financial information is as of October 31, 2023 and for the period from November 3, 2022 through October 31, 2023. Circle Reserve Fund commenced operations on November 3, 2022. |

25. Subsequent events The Company has evaluated subsequent events through March 31, 2025, the date the financial statements were available to be issued, and has concluded there were no subsequent events requiring adjustments or disclosure other than disclosed below. In January 2025, the Company acquired 100% of the ownership interest in Hashnote Holdings LLC, a Delaware limited liability company (together with its subsidiaries, “Hashnote”), which, through its affiliates, is the fund manager of Hashnote International Short Duration Yield Fund Ltd., a tokenized money market fund and the issuer of USYC. The fair value of consideration transferred was approximately $99.8 million, subject to customary adjustments, consisting of $9.9 million in cash and approximately 2.9 million fully-vested common shares of Circle. The agreement also