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? 🛍️
Read More
- Gold Rate Forecast
- Brent Oil Forecast
- SOL PREDICTION. SOL cryptocurrency
- Silver Rate Forecast
- EUR USD PREDICTION
- Capital B’s Bitcoin Bonanza: Double the Coins, Triple the Drama!
- XRP: The Scandalously Chic Digital Dollar? 💰
- Anthropic vs. Pentagon: When AI Guardrails Spark a National Security Farce
- When AI Wallets Take Over: Humans Beware!
- Bitcoin’s Downfall: Two Scenarios That’ll Make You Scream 😱
2025-08-15 13:26