Circle Internet Group, Inc. (CRCL) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
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
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 |