Circle Stock Soars 16% Post IPO, Hits $165.60 All-Time High SharpLink Gaming Stock Rebounds 46% After S-3 Filing Concerns

Circle, the issuer of the USDC stablecoin, saw its stock price surge to an all-time high of $165.60 during early trading on Monday. This marks a significant milestone for the company, which completed its Initial Public Offering (IPO) less than two weeks ago. The stock price has since settled at $154.96, still representing a more than 16% increase from the start of the trading session. This surge comes after the stock price peaked at over five times the firm’s IPO price of $31, setting a new all-time high that surpassed the previous record of around $138 set just one week ago.

Circle's stock price has been on a steady climb since its IPO, with few interruptions. The company's USDC stablecoin has expanded its reach, recently being integrated into Sam Altman’s World Chain. This expansion has likely contributed to the positive market sentiment surrounding Circle, driving the stock price higher.

Meanwhile, SharpLink Gaming, an Ethereum treasury company, has also seen a significant rebound in its stock price. After plummeting more than 70% in after-hours trading on Thursday, SharpLink's stock price has climbed to $13.48, representing a 46% increase for the day. This rebound comes after concerns were raised about an S-3 filing that some observers believed indicated recent backers were dumping their shares. Joseph Lubin, the Ethereum co-founder, Consensys CEO, and SharpLink Chairman of the Board, described the filing as "standard" and suggested that people were "misinterpreting" it. Despite this reassurance, shares finished the day on Friday roughly in the same spot as late Thursday, under the $10 mark.

SharpLink's stock price began climbing again on Monday, peaking at $14.01. Even at the current price, SharpLink is up nearly 77% since the start of 2025. The company recently purchased $462 million in Ethereum, 95% of which has already been put to work in decentralized finance. This move is part of the firm's strategy to create yield, differentiating its public treasury from others that merely buy and hold crypto assets. The firm maintains a treasury of around 176,000 ETH, which it purchased for an average of approximately $2,600 per coin. Ethereum is now trading at $2,639, a 3.5% boost in the last 24 hours as the crypto market grinds slightly higher.