Circle · The Block
Binance bought a $100 million stake in Circle as the companies expanded their commercial arrangement around USDC
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The exchange purchased 1,237,011 shares of Circle’s Class A common stock at $80.84 per share in a private placement, the filing said.
Key facts
- Binance bought a $100 million stake in Circle as the companies expanded their commercial arrangement around USDC, according to an 8-K filing with the Securities and Exchange Commission on Tuesday
- The exchange purchased 1,237,011 shares of Circle’s Class A common stock at $80.84 per share in a private placement, the filing said
- The deal supersedes earlier agreements between the companies signed in 2024 and 2025
- Circle said more than 100 applications were available at launch, while its founding validator group includes BlackRock, DTCC, ICE, Mastercard, and Visa
Summary
Binance bought a $100 million stake in Circle as the companies expanded their commercial arrangement around USDC, according to an 8-K filing with the Securities and Exchange Commission on Tuesday. The equity sale closed concurrently with a new five-year commercial deal expanding the promotion of USDC held through Circle’s Modular Smart Contract Wallet infrastructure. The deal supersedes earlier agreements between the companies signed in 2024 and 2025. Meanwhile, Binance’s Circle shares are subject to certain restrictions.