Circle Internet Group, Inc. (CRCL) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: May 11, 2026

Risk Assessment Details

Potential Dilution: 12.03% of current shares
Recent Dilution: 15.94% (2 years)
Historical Dilution Factor: moderate recent dilution
Outstanding Shares
230M
Potential Supply
28M
Additional shares possible
Splits
None
Past 2 years

Summary

CRCL currently has 230M outstanding shares. with limited dilution risk as only 27.7M additional shares (12.0%) are authorized for issuance. The company has diluted shareholders by 15.94% over the past 2 years through share issuances.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 11, 2026

8-K filing: The Company agreed to issue and sell 740 million ARC tokens to institutional investors in a private placement for $0.30 per ARC Token, resulting in estimated aggregate gross proceeds of approximately $222.0 million. ($222.0M proceeds)

230M 28M
Nov 12, 2025

10-Q filing | 229.9M shares outstanding

230M 28M
Aug 12, 2025

S-1 filing: The filing is an S-1 registration statement for an initial public offering of Class A common stock, with an option for underwriters to purchase additional shares.

210M 28M
Jun 06, 2025

8-K filing: Circle Internet Group, Inc. completed its initial public offering of 34,000,000 shares of Class A Common Stock at a price of $31.00 per share, resulting in gross proceeds to the Company of $458,800,000.00. ($458.8M proceeds)

200M 16M
Jun 02, 2025

S-1/A filing: This S-1/A filing describes an offering of Class A common stock with an underwriter option to purchase additional shares, and outlines the company's plans to use the net proceeds for tax obligations, working capital, and general corporate purposes.

200M 16M
May 27, 2025

S-1/A filing: This S-1/A filing details an offering of Class A common stock with an underwriter option to purchase additional shares.

200M 12M
May 16, 2025

S-1/A filing: The company and selling stockholders granted underwriters an option to purchase additional shares of Class A common stock. The net proceeds from this offering will be used to satisfy tax withholding and remittance obligations and the remainder for working capital and other general corporate purposes.

N/A 0
Apr 18, 2025

S-1/A filing: This S-1/A filing outlines a proposed offering of Class A common stock, including an underwriter option for additional shares, with the primary goals of raising capital, establishing a public market for the stock, and facilitating future access to public equity markets. The net proceeds will be used for tax obligations and general corporate purposes.

N/A 0
Apr 01, 2025

S-1 filing: An S-1 filing indicates an intention to register an offering of Class A common stock, with an underwriter option to purchase additional shares. It details the company's capital structure, including Class A, Class B, and Class C common stock, and their respective voting rights and conversion rights. The Class B common stock, held by the founders, will represent a significant portion of the total voting power after the offering.

N/A 0
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