BTCC
/
BTCC Square
/
Global Cryptocurrency
/
USDC Growth Fails to Offset Investor Concerns as Circle Stock Dips Post-Secondary Offering
USDC Growth Fails to Offset Investor Concerns as Circle Stock Dips Post-Secondary Offering
10
3
USDC News -
Circle Internet Financial's stock declined 6% in after-hours trading after announcing a 10 million share secondary offering. Only 2 million shares constitute new equity, with 8 million coming from insider sales. Underwriters may purchase an additional 1.5 million shares, potentially raising over $500 million.
The market reaction overshadowed strong quarterly results, including $658 million in revenue and $126 million in adjusted EBITDA—both growing over 50% YoY. A $482 million net loss related to IPO expenses tempered investor optimism.
Circle's USDC stablecoin continues expanding, reaching $65.2 billion in circulation—a 90% annual increase—demonstrating growing adoption in payments and financial infrastructure.
By:
