Company: CRCL
Filing Date: 2025-08-04
Form Type: DRS
Source: 0000950123-25-006942
Chunk: 350

Company: Circle Internet Group, Inc.
Filing Date: 2025-08-04
Form: DRS
Chunk 350
---
565 |

| 6. | Fixed assets, net |

The following table presents our major categories of fixed assets, net (in thousands):

| Table 6.1. Details of Fixed Assets, net         |     |   | June 30, 
     2025 |   |     |   | December 31, 
         2024 |   |
|:------------------------------------------------|:----|:--|---------:|:--|:----|:--|-------------:|:--|
| Computers & equipment                           |     | $ |    5,223 |   |     | $ |        4,920 |   |
| Leasehold improvements                          |     |   |   20,107 |   |     |   |          739 |   |
| Construction in progress                        |     |   |        — |   |     |   |       16,204 |   |
| Other                                           |     |   |    3,913 |   |     |   |        1,600 |   |
| Total fixed assets                              |     |   |   29,243 |   |     |   |       23,463 |   |
| Less: accumulated depreciation and amortization |     |   |   (5,439 | ) |     |   |       (4,781 | ) |
| Total fixed assets, net                         |     | $ |   23,804 |   |     | $ |       18,682 |   |

Depreciation expense was $0.6 million and $0.5 million for the three months ended June 30, 2025 and 2024, respectively, and $1.0 million and $0.9 million for the six months ended June 30, 2025 and 2024, respectively, which is included within Depreciation and amortization expenseon the unaudited Condensed Consolidated Statements of Operations.

| 7. | Digital assets |

The composition of digital assets included the following (in thousands, except quantity):

| Table 7.1. Details of Digital Assets |     |          | June 30, 2025 |     |            |        |     |            |        |     |          | December 31, 2024 |     |            |        |     |            |        |
|:-------------------------------------|:----|:---------|--------------:|:----|:-----------|-------:|:----|:-----------