Larry David’s Take: Circle’s Stock Sale – More Money, More Problems?

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What to know:

  • Circle, the company that’s basically the bank for digital money, is trying to make even more money by selling 10 million shares at $130 each. 🤑
  • They’re keeping 2 million shares for themselves, and their friends (existing shareholders) are offloading the rest. It’s like a garage sale, but with stocks! 🪑
  • The price is more than four times what they asked for when they first went public in June. Talk about a good deal gone better! 💸

So, Circle (CRCL) is planning to sell 10 million shares at $130 each, which is way more than the $31 they charged when they first came out. I mean, who doesn’t love a good markup? 😏

The company behind the USDC token is selling 2 million shares of Class A common stock, according to a filing with the SEC. The other 8 million are being sold by people who already have too many shares. 🤷‍♂️

Circle says they’ll use the money for “general corporate purposes.” That could mean anything from buying more coffee for the office to funding a new beach house for the CEO. 🏖️

The shares started trading in June at $31, shot up to $83 on the first day, and hit a high of $298.99 on June 23. But now they’re down to $139.23, losing over 9% on Thursday. It’s like a rollercoaster, but with less fun. 🎢

As of today, CRCL shares are trading 1.63% lower at $136.98 in pre-market. If you’re thinking about buying, maybe wait until they run a sale? 🛍️

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2025-08-15 13:26