Circle Shares Jump 7.2% with $3.38B Volume, Securing 21st Market Rank as Secondary Offering Fuels Valuation Leap

On August 15, 2025, Circle (CRCL) surged 7.20% with a trading volume of $3.38 billion, ranking 21st in market activity. This momentum coincided with the pricing of a secondary offering of 10 million Class A shares at $130 each, marking a significant valuation leap from its June IPO price of $31. The offering includes 2 million shares sold by Circle and 8 million by existing shareholders, with underwriters retaining a 30-day option to purchase an additional 1.5 million shares. Proceeds from the company’s portion will fund general corporate purposes, while shareholder sales are separate.

The move follows Circle’s Q2 financial performance, which included $658 million in revenue and $126 million in adjusted EBITDA—both exceeding expectations. USDC stablecoin circulation grew nearly 90% year-over-year to $65.2 billion by early August, reflecting robust demand for its digital assets. The secondary offering, led by J.P. Morgan, Citigroup, and Goldman Sachs, is set to close on August 18, pending standard conditions.

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