Circle Holds $45.88 Million HYPE and $47.99 Million Canton Coin

As of September 30, Circle's total fair value of digital assets is approximately $133 million, including about 380 million Canton Coins (valued at approximately $47.99 million), about 504,000 HYPE (valued at approximately $45.88 million), 77 BTC (valued at approximately $6.39 million, including about $3.30 million in cirBTC), approximately 4.1 million SUI (valued at approximately $4.77 million), and 1,728 ETH (valued at approximately $4.64 million), with the remaining digital assets valued at approximately $23.7 million. The HYPE holdings have increased more than five times from about 81,000 at the end of last year. In the second quarter, Circle sold a total of 807.5 million ARC at a price of $0.30 each, raising approximately $242.2 million, which is about $20 million more than the $222 million 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 over 5% of Circle's shares, purchased 83.3 million ARC at the same price on May 8, amounting to $25 million. Binance's $100 million equity investment in Circle was paid in USDC, and Circle issued approximately 1.237 million Class A common shares for this private placement.

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