Circle Announces Secondary Stock Sale at $130 Per Share, Four Times IPO Price

Circle (CRCL), the stablecoin issuer behind USDC, plans to offer 10 million Class A shares at $130 each in a secondary stock sale—more than four times its June IPO price of $31. The company will sell 2 million shares, while existing shareholders offload 8 million. Proceeds will fund general corporate purposes, with no benefit to Circle from the shareholder sales.

The stock debuted strongly in June, surging 235% on its first trading day to close at $83. It peaked at $298.99 on June 23 before retreating to $139.23 at Thursday's close, down 9% for the day. Pre-market trading saw CRCL dip another 1.63% to $136.98.

The MOVE signals continued institutional confidence in crypto-adjacent firms despite recent market volatility. Circle's valuation trajectory reflects growing mainstream acceptance of stablecoin infrastructure as a bridge between traditional finance and digital assets.