Circle Insiders Capitalize on 349% Stock Surge with $1.4 Billion Share Sale

Circle, the stablecoin issuer behind USDC, has greenlit an accelerated insider share sale totaling $1.4 billion after its stock skyrocketed 349% since its June IPO. The two-day marketed offering—10 million shares with 2 million from Circle's treasury—comes months ahead of the expected lock-up expiration, approved by lead underwriter JPMorgan amid peak demand for crypto equities.

CEO Jeremy Allaire and other early backers are seizing the moment as shares trade at 150% above IPO pricing, despite retreating from June's $298.99 peak. The oversubscribed offering eclipses Circle's initial IPO proceeds, with pricing set before Thursday's close. Columbia professor David Erickson characterizes the MOVE as a strategic cash-in play following the parabolic rally.

The development coincides with Bullish's 84% debut pop on Wednesday, underscoring resurgent institutional appetite for crypto-adjacent equities. Market observers note the accelerated timeline suggests insiders are capitalizing on optimal exit liquidity while investor enthusiasm remains heated.