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By Krisztian Sandor|Edited by Stephen Alpher
Updated Aug 12, 2025, 9:03 p.m. Published Aug 12, 2025, 8:58 p.m.
- Circle announced a secondary stock sale of 10 million shares, with 2 million offered by the company and 8 million by selling stockholders.
- Circle’s stock fell 6% in after hours trading following the announcement.
- The firm reported a $428 million loss for the second quarter earlier on Tuesday.
Circle (CRCL), the stablecoin issuer firm behind the USDC token, announced on Tuesday a secondary stock sale of 10 million shares.
The company is offering 2 million of Class A common stock for sale, while selling stockholders are unloading another 8 million, according to an S-1 filing with the U.S. Securities and Exchange Commission (SEC). The underwriter greenshoe option is for another 1.5 million shares.
STORY CONTINUES BELOW
Circle’s stock declined 6% in after hours trading to $154. That’s down nearly 50% from the record high of $299, but still up about five-fold from the IPO price of $31.
The offering comes roughly two months after Circle’s debut on the New York Stock Exchange, which saw its stock price skyrocket amid investor appetite to gain exposure to the booming stablecoin market.
Earlier on Tuesday, the firm reported $428 million loss for the second quarter of the year.
Read more: Circle Unveils Layer-1 Blockchain Arc, Reports $428 Million Q2 Loss
Krisztian Sandor is a U.S. markets reporter focusing on stablecoins, tokenization, real-world assets. He graduated from New York University’s business and economic reporting program before joining CoinDesk. He holds BTC, SOL and ETH.
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By Krisztian Sandor, AI Boost|Edited by Stephen Alpher
4 hours ago
The fund placements, managed by Coinbase’s asset management arm, begin on Aave, Morpho, Kamino and Jupiter, with broader rollouts planned.
What to know:
- Coinbase is reviving its Stablecoin Bootstrap Fund, first launched in 2019, to bolster stablecoin liquidity on decentralized finance (DeFi) protocols.
- The program first allocated funds in USDC and EURC stablecoins on platforms like Aave, Morpho, Kamino and Jupiter.
- The DeFi sector is rapidly growing, but market size is still below the 2021 peak.
