Circle earnings report: holds over 500,000 HYPE, 380 million Canton Coin, and other digital assets

BlockBeats news, November 4th - Circle's latest disclosed financial report shows that as of September 30th, the total fair value of digital assets held by Circle is approximately $133 million, including about 380 million Canton Coins (worth approximately $47.99 million), about 504,000 HYPE (worth approximately $45.88 million), 77 BTC (worth approximately $6.39 million, including about $3.3 million in cirBTC), about 4.1 million SUI (worth approximately $4.77 million), and 1,728 ETH (worth approximately $4.64 million), with the remaining digital assets valued at approximately $23.7 million.

Among them, the HYPE holdings have increased more than fivefold compared to about 81,000 coins at the end of last year. The above holdings data was not disclosed in Circle's previously released 8-K third-quarter earnings press release.

The quarterly report also shows that Circle sold a total of 807.5 million ARC at a price of $0.30 per coin in the second quarter, ultimately raising a total of approximately $242.2 million, about $20 million more than the $222 million reported by CNBC in May this year, of which $181.8 million has been recognized as revenue in the third quarter; an entity affiliated with IDG Capital, which holds more than 5% of Circle's shares, bought 83.3 million ARC at the same price on May 8th for $25 million. In addition, Binance's $100 million equity investment in Circle was paid in USDC, for which Circle privately issued approximately 1.237 million Class A common shares.