Company: CRCL
Filing Date: 2025-04-01
Form Type: S-1
Source: 0001193125-25-070481
Chunk: 344

Company: Circle Internet Group, Inc.
Filing Date: 2025-04-01
Form: S-1
Chunk 344
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,244 |

| (1) |     | Represents $1.9 million of notional value associated with embedded derivatives in fair value hedging relationships as of December 31, 2023. The hedging relationships were de-designated upon the adoption of ASU 2023-08 
 on January 1, 2024.                                                                                                                                                                                                       |

Gains (losses) on derivatives and embedded derivatives are as follows (in thousands):

| Table 10.3. Gains (losses) on Derivative and Embedded Derivatives        |     | Year ended December 31, |  2024 |     |        |   |     |           |       |     |             |  2023 |     |        |        |   |     |           |       |   |     |             |    2022 |   |     |        |   |     |           |         |   |
|:-------------------------------------------------------------------------|:----|:------------------------|------:|:----|:-------|:--|:----|:----------|------:|:----|:------------|------:|:----|:-------|:-------|:--|:----|:----------|------:|:--|:----|:------------|--------:|:--|:----|:-------|:--|:----|:----------|--------:|:--|
|                                                                          |     | Derivatives             |       |     | Hedged 
 Items  |   |     | Total     
 Income    
 Statement 
 Impact    |       |     | Derivatives |       |     | Hedged 
 Items  |        |   |     | Total     
 Income    
 Statement 
 Impact    |       |   |     | Derivatives |         |   |     | Hedged 
 Items  |   |     | Total     
 Income    
 Statement 
 Impact    |         |   |
| Obligation to return digital asset collateral — embedded derivatives (1) |     | $                       | 1,629 |     | $      | — |     | $         | 1,629 |     | $           | 8,553 |     | $      | (9,031 | ) |     | $         |  (478 | ) |     | $           | 211,997 |   |     | $      | — |     | $         | 211,997 |   |
| Prepaid expenses and other assets — embedded derivatives                 
 (2