# EDGAR Filing Document

**Accession Number:** 0001876042
**File Stem:** 0000950103-25-007009
**Filing Date:** 2025-6
**Character Count:** 15713
**Document Hash:** f19daed9d51c51af28c6f8b0e877b24a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950103-25-007009.hdr.sgml**: 20250604

**ACCESSION NUMBER**: 0000950103-25-007009

**CONFORMED SUBMISSION TYPE**: S-1MEF

**PUBLIC DOCUMENT COUNT**: 5

**FILED AS OF DATE**: 20250604

**DATE AS OF CHANGE**: 20250604

**EFFECTIVENESS DATE**: 20250604

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Circle Internet Group, Inc.
- **CENTRAL INDEX KEY:** 0001876042
- **STANDARD INDUSTRIAL CLASSIFICATION:** FINANCE SERVICES [6199]
- **ORGANIZATION NAME:** 09 Crypto Assets
- **EIN:** 992840247
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** S-1MEF
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-287780
- **FILM NUMBER:** 251023799

**BUSINESS ADDRESS:**
- **STREET 1:** ONE WORLD TRADE CENTER
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10007
- **BUSINESS PHONE:** (332) 334-0660

**MAIL ADDRESS:**
- **STREET 1:** ONE WORLD TRADE CENTER
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10007

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Circle Internet Financial Ltd
- **DATE OF NAME CHANGE:** 20231025

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Circle Internet Finance Public Ltd Co
- **DATE OF NAME CHANGE:** 20211101

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CIrcle Acquisition Public Ltd Co
- **DATE OF NAME CHANGE:** 20210730

**As filed with the Securities and Exchange Commission on June 4, 2025.**

**Registration No. 333-** 

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549** 

**FORM S-1**

**REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933** 

**CIRCLE INTERNET GROUP, INC.**

(Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **Delaware** | **6199** | **99-2840247** |
| (State or other jurisdiction of incorporation or<br> organization) | (Primary Standard Industrial Classification<br> Code Number) | (I.R.S. Employer Identification Number) |

---

**One World Trade Center<br> New York, NY 10007**

**(332) 334-0660**

(Address, including zip code, and telephone number, including area code, of registrant's principal executive offices)

**Jeremy Allaire**

**Chairman and Chief Executive Officer**

**Circle Internet Group, Inc.**

**One World Trade Center New York, NY 10007**

**(332) 334-0660**

(Name, address, including zip code, and telephone number, including area code, of agent for service)

***Copies to***:

---

| | | |
|:---|:---|:---|
| **Richard D. Truesdell, Jr.<br> Daniel P. Gibbons**<br> **David (Wei Fu) Li**<br> **Davis Polk & Wardwell LLP**<br> **450 Lexington Avenue**<br> **New York, NY 10017**<br> **(212) 450-4000**<br>| **Sarah K. Wilson**<br> **General Counsel & Corporate Secretary**<br> **Circle Internet Group, Inc.**<br> **One World Trade Center<br> New York, NY 10007<br> (332) 334-0660**<br>| **Ryan J. Dzierniejko<br> Dwight S. Yoo<br> Jeffrey A. Brill**<br> **Skadden, Arps, Slate, Meagher & Flom LLP**<br> **One Manhattan West**<br> **New York, NY 10001**<br> **(212) 735-3000** |

---

**Approximate date of commencement of proposed sale to the public**: As soon as practicable after the effective date of this Registration Statement.

If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, check the following box. ☐

If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☒ 333-286310

If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

If this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.

---

| | | | |
|:---|:---|:---|:---|
| Large accelerated filer | ☐ | Accelerated filer | ☐ |
| Non-accelerated filer | ☒ | Smaller reporting company | ☐ |
|  |  | Emerging growth company | ☐ |

---

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐

**This registration statement shall become effective upon filing with the Securities and Exchange Commission in accordance with Rule 462(b) under the Securities Act.**

**EXPLANATORY NOTE AND INCORPORATION OF CERTAIN INFORMATION BY REFERENCE**

Circle Internet Group, Inc., a Delaware corporation (the "Registrant"), is filing this Registration Statement with the Securities and Exchange Commission (the "Commission") pursuant to Rule 462(b) under the Securities Act of 1933, as amended. This Registration Statement relates to the public offering of securities contemplated by the Registrant's Registration Statement on Form S-1 (File No. 333-286310) (as amended, the "Prior Registration Statement"), which the Commission declared effective on June 4, 2025.

The Registrant is filing this Registration Statement for the sole purpose of registering 2,300,000 additional shares of its Class A common stock, par value $0.0001 per share, which includes 300,000 shares of Class A common stock that may be sold as part of the underwriters' option to purchase additional shares. The additional shares that are being registered for offer and sale are in an amount and at a price that together represent no more than 20% of the maximum aggregate offering price set forth in the filing fee table that is Exhibit 107 to the Prior Registration Statement. The information set forth in the Prior Registration Statement, and all exhibits to the Prior Registration Statement, are hereby incorporated by reference into this Registration Statement.

The required opinion and consents are listed below and filed with this Registration Statement.

---

| | |
|:---|:---|
| 5.1 | &nbsp;&nbsp;[Opinion of Davis Polk & Wardwell LLP](dp229827_ex0501.htm) |
| 23.1 | &nbsp;&nbsp;[Consent of Deloitte & Touche LLP, independent registered public accounting firm for Circle Internet Group, Inc.](dp229827_ex2301.htm) |
| 23.2 | &nbsp;&nbsp;[Consent of Deloitte & Touche LLP, independent registered public accounting firm for Circle Reserve Fund](dp229827_ex2302.htm) |
| 23.3 | &nbsp;&nbsp;[Consent of Davis Polk & Wardwell LLP (included in Exhibit 5.1)](dp229827_ex0501.htm) |
| 24.1 | &nbsp;&nbsp;Powers of attorney ([included on the signature page to the Registration Statement on Form S-1 (File No. 333-286310) filed with the Securities and Exchange Commission on April 1, 2025 and incorporated by reference herein)](https://www.sec.gov/Archives/edgar/data/1876042/000119312525070481/d737521ds1.htm) |
| 107 | &nbsp;&nbsp;[Filing fee table](dp229827_exfilingfees.htm) |

---

**Signatures** 

Pursuant to the requirements of the Securities Act of 1933, the registrant has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of New York, State of New York, on June 4, 2025.

---

| | | |
|:---|:---|:---|
| Circle Internet Group, Inc. | Circle Internet Group, Inc. | Circle Internet Group, Inc. |
| By: | /s/ Jeremy Allaire | /s/ Jeremy Allaire |
|  | Name: | Jeremy Allaire |
|  | Title: | Chief Executive Officer |

---

Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed below by the following persons on June 4, 2025 in the capacities indicated:

---

| | |
|:---|:---|
| /s/ Jeremy Allaire<br> Jeremy Allaire | Chairman and Chief Executive Officer<br> (principal executive officer) |
| \*<br> Jeremy Fox-Geen | Chief Financial Officer<br> (principal financial officer) |
| \*<br> Tamara Schulz | Chief Accounting Officer<br> (principal accounting officer) |
| \*<br> Craig Broderick | Director |
| \*<br> M. Michele Burns | Director |
| \*<br> Rajeev Date | Director |
| \*<br> Bradley Horowitz | Director |
| \*<br> P. Sean Neville | Director |
| \*<br> David Orfao | Director |
| \*<br> Danita Ostling | Director |

---

---

| | |
|:---|:---|
| \*By: | /s/ Sarah K. Wilson |
|  | Sarah K. Wilson |
|  | Attorney-in-Fact |

---

## Exhibit 5.1

**EXHIBITS 5.1 and 23.3**

**OPINION OF DAVIS POLK & WARDWELL LLP**

June 4, 2025

Circle Internet Group, Inc.<br> One World Trade Center<br> New York, New York 10007

Ladies and Gentlemen:

Circle Internet Group, Inc., a Delaware corporation (the "**Company**"), has filed with the Securities and Exchange Commission (i) a Registration Statement on Form S-1 (Registration No. 333-286310) (the "**Initial Registration Statement**") and (ii) a Registration Statement on Form S-1 (the "**Rule 462(b) Registration Statement**") and the related prospectus (the "**Prospectus"**) for the purpose of registering under the Securities Act of 1933, as amended (the "**Securities Act**"), pursuant to Rule 462(b) of the Securities Act, 2,300,000 shares of its Class A common stock, par value $0.0001 per share (the "**Securities**"), including 300,000 shares subject to the underwriters' option to purchase additional shares, as described in the Initial Registration Statement and the Rule 462(b) Registration Statement.

We, as your counsel, have examined originals or copies of such documents, corporate records, certificates of public officials and other instruments as we have deemed necessary or advisable for the purpose of rendering this opinion.

In rendering the opinion expressed herein, we have, without independent inquiry or investigation, assumed that (i) all documents submitted to us as originals are authentic and complete, (ii) all documents submitted to us as copies conform to authentic, complete originals, (iii) all signatures on all documents that we reviewed are genuine, (iv) all natural persons executing documents had and have the legal capacity to do so, (v) all statements in certificates of public officials and officers of the Company that we reviewed were and are accurate and (vi) all representations made by the Company as to matters of fact in the documents that we reviewed were and are accurate.

Based upon the foregoing, and subject to the additional assumptions and qualifications set forth below, we advise you that, in our opinion, when the amended and restated certificate of incorporation of the Company, in the form filed as Exhibit 3.1 to the Initial Registration Statement and approved by the Board of Directors and the shareholders of the Company, has been filed with the Secretary of State of the State of Delaware and the price at which the Securities to be sold has been approved by or on behalf of the Board of Directors of the Company and when the Securities have been issued and delivered against payment therefor in accordance with the terms of the Underwriting Agreement referred to in the Prospectus which is a part of the Initial Registration Statement, the Securities will be validly issued, fully paid and non-assessable.

We are members of the Bar of the State of New York and the foregoing opinion is limited to the laws of the State of New York and the General Corporation Law of the State of Delaware.

We hereby consent to the filing of this opinion as an exhibit to the Rule 462(b) Registration Statement and further consent to the reference to our name under the caption "Legal Matters" in the Prospectus. In giving this consent, we do not admit that we are in the category of persons whose consent is required under Section 7 of the Securities Act.

Very truly yours,

/s/ Davis Polk & Wardwell LLP

## Exhibit 23.1

**Exhibit 23.1**

**CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**

We consent to the incorporation by reference in this Registration Statement on Form S-1MEF of our report dated March 31, 2025, relating to the financial statements of Circle Internet Group, Inc. and subsidiaries, appearing in Registration Statement No. 333-286310 on Form S-1 of Circle Internet Group, Inc., for the year ended December 31, 2024.

/s/ Deloitte & Touche LLP

New York, New York

June 4, 2025

## Exhibit 23.2

**Exhibit 23.2**

 **CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**

We consent to the incorporation by reference in this Registration Statement on Form S-1MEF of our reports dated June 24, 2024, relating to the financial statements and financial highlights of Circle Reserve Fund of BlackRock Funds<sup>SM</sup> (the "Fund"), appearing in Registration Statement No. 333-286310 on Form S-1 of Circle Internet Group, Inc., for the years ended April 30, 2024 and April 30, 2023.

/s/ Deloitte & Touche LLP

Boston, Massachusetts

June 4, 2025

## Ex-Filing

**Exhibit 107**

**Calculation of Filing Fee Table** 

**Form S-1**

(Form Type)

**Circle Internet Group, Inc.**

(Exact Name of Registrant as Specified in its Charter)

**Table 1: Newly Registered Securities**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Security Type** | **Security Class Title** | **Fee Calculation** | **Amount Registered<sup>(1)</sup>** | **Proposed Maximum Offering Price Per Unit<sup>(2)</sup>** | **Maximum Aggregate Offering Price** | **Fee Rate** | **Amount of Registration Fee<sup>(3)</sup>** |
| Fees to Be Paid | Equity | Class A common stock, par value $0.0001 per share | 457(a) | 2300000 | $31.00 | $71300000.00 | 0.00015310 | $10916.03 |
|  |  | Total Offering Amounts | Total Offering Amounts | Total Offering Amounts |  | $71300000.00 |  | $10916.03 |
|  |  | Total Fees Previously Paid | Total Fees Previously Paid | Total Fees Previously Paid |  |  |  |  |
|  |  | Total Fee Offsets | Total Fee Offsets | Total Fee Offsets |  |  |  |  |
|  |  | Net Fee Due | Net Fee Due | Net Fee Due |  |  |  | $10916.03 |

---

(1) Represents only the additional number of shares being registered pursuant to this registration statement and includes 300,000 shares of Class A common stock issuable upon exercise of the underwriters' option to purchase additional shares. Does not include the 36,800,000 shares that were previously registered on the Registration Statement on Form S-1 (333-286310), as amended (the "Prior Registration Statement").

(2) Based on the public offering price.

(3) The registration fee is calculated in accordance with Rule 457(a) under the Securities Act of 1933, as amended (the "Securities Act"), based on the proposed maximum aggregate offering price. The registrant previously registered 36,800,000 shares of its Class A common stock with an aggregate offering price of $1,030,400,000.00 on the Prior Registration Statement, which was declared effective by the Securities and Exchange Commission on June 4, 2025. In accordance with Rule 462(b) under the Securities Act, an additional amount of securities having a maximum aggregate offering price of $71,300,000.00 is hereby registered, which includes shares issuable upon the exercise of the underwriters' option to purchase additional shares.