Binance acquires $100 million stake in Circle at $80.84 per share, both parties reach new five-year partnership agreement.

BlockBeats news, September 22, according to the Wall Street Journal, Binance invested $100 million in Circle to expand their stablecoin partnership. The investment was completed through the sale of shares, with Circle issuing and selling 1,237,011 Class A common shares to Binance at $80.84 per share, for total proceeds of $100 million. Under the terms of the subscription agreement, in certain circumstances, Binance will be subject to lock-up, restrictions on selling, transferring, or hedging the shares, for a period of two years from the closing date or the date Binance terminates the commercial arrangement. Binance retains full voting rights over the shares during the lock-up period. Standard exceptions apply, including transfers between Binance affiliates and dispositions required by law.

Separately, according to an 8-K filing submitted by Circle (CRCL) on September 22, its subsidiary entered into a new five-year cooperation agreement with Binance on September 17 to expand USDC promotion cooperation, replacing the agreements previously signed by both parties in November 2024 and August 2025. The main terms of the agreement are: Circle agrees to pay Binance a monthly incentive fee based on the percentage of USDC held through wallet infrastructure services. Binance, in turn, will conduct certain promotional activities for USDC on its platform.

Separately, according to BIT(bit.com) market data, as of press time, Circle's U.S. pre-market shares rose more than 1%, now at $95.