Circle (CRCL), the issuer of the USDC stablecoin, is preparing a secondary stock sale of 10 million Class A shares at a striking $130 per share, according to a recent filing with the U.S. Securities and Exchange Commission (SEC). The move represents a valuation more than four times higher than its June IPO price of $31, underscoring strong investor demand and market confidence in the company’s growth trajectory.
Structure of the Offering
Of the 10 million shares being offered, Circle will sell 2 million shares directly, while existing shareholders will sell the remaining 8 million. At the offering price, the sale is expected to raise a total of $1.3 billion, with Circle itself set to secure $260 million from its portion.
Market analysts note that secondary offerings often serve as a way for early investors to realize gains while enabling broader public participation. “This is a clear signal that the market views Circle as a high-growth player in the digital payments and blockchain infrastructure space,” said one equity markets strategist.
When Circle went public in June 2025, its shares debuted on the New York Stock Exchange at $31. The current offering price of $130 represents a 319% increase in just two months, positioning CRCL as one of the fastest-appreciating fintech stocks of the year.
Analysts attribute the surge to growing adoption of USDC in both retail and institutional markets, alongside Circle’s strategic push into global payment systems.
This offering will not dilute existing shareholders significantly, as the bulk of the shares are coming from current investors exiting part of their positions. However, the high pricing could set a new valuation benchmark for blockchain-related fintech firms.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.