Company: CRCL
Filing Date: 2025-05-16
Form Type: S-1/A
Source: 0001193125-25-121234
Chunk: 177

Company: Circle Internet Group, Inc.
Filing Date: 2025-05-16
Form: S-1/A
Chunk 177
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 March 31, 2024, driven primarily by $95.3 million related to the sale and maturities of available-for-sale securities, which was partially offset by an $82.8 million purchase of available-for-sale securities in the three months ended March 31, 2024. Financing activities Net cash provided by financing activities was $16.3 billion for the three months ended March 31, 2025, compared with net cash provided by financing activities of $7.8 billion for the three months ended March 31, 2024, primarily reflecting $16.3 billion increase in net changes in deposits held for stablecoin holders primarily due to the increase in USDC in circulation for the three months ended March 31, 2025 and a $7.8 billion increase in net changes in deposits held for stablecoin holders primarily due to the increase in USDC in circulation for the three months ended March 31, 2024. 123

Year ended December 31, 2024 compared to year ended December 31, 2023 and year ended December 31, 2023 compared to year ended December 31, 2022 The following table summarizes our cash flows for the periods indicated:

|                                                     |     | Year ended December 31, 
 2024                    |        |     | 2023         |         |   |     | 2022 |        |   |
|:----------------------------------------------------|:----|:------------------------|-------:|:----|:-------------|--------:|:--|:----|:-----|-------:|:--|
|                                                     |     |                         |        |     | -in millions |         |   |     |      |        |   |
| Net cash provided by (used in) operating activities |     | $                       |    345 |     | $            |     140 |   |     | $    |    (73 | ) |
| Net cash provided by (used in) investing activities |     | $                       |    186 |     | $            |   8,510 |   |     | $    | (8,489 | ) |
| Net cash provided by (used in) financing activities |     | $                       | 19,450 |     | $            | (20,330 | ) |     | $    |  2,578 |   |

Operating activities Net cash provided by operating activities was $344.6 million for the year ended December