Circle's stock price soared after its listing, the major shareholder's holdings have attracted follow.

Since the successful listing of the stablecoin issuer Circle, its stock price has continued to rise, attracting the attention of global investors and even becoming the fourth largest overseas stock purchased in South Korea this year. With the increase in stock price, Circle's investors and major shareholders have reaped generous rewards, and their Holdings have also become the focus of the market.

This article reviews the reduction in holdings and the scale of holdings of 11 major shareholders of Circle before and after the IPO. In terms of shareholding ratio, IDG Capital, through multiple rounds of early investment, has become one of the largest known non-founder shareholders of Circle. Early investors such as Accel, General Catalyst, Breyer Capital, and Oak locked in some profits by reducing their holdings before the IPO, but they also missed out on some potential profits, which could have reached hundreds of millions of dollars. However, most investors still maintained a considerable Holdings and will continue to benefit from the rise in stock prices. It is worth noting that later investors like ARK Invest chose to make bold bets in the early stages of Circle's IPO and subsequently cashed out in high positions to achieve substantial returns.

IDG Capital: Still one of the largest external shareholders

IDG Capital, as an early major investor in Circle, participated in the Series A, B, and C funding rounds, holding a large equity stake in the company. The prospectus shows that IDG's shares are held by its affiliated entities Chuang Xi Capital Limited and Wide Palace Limited, totaling 23,275,040 shares, with a shareholding ratio of 12.8%.

During the listing process, IDG Capital reduced its holdings by approximately 2.328 million shares at a price of $29.3, cashing out about $68.29 million. After the reduction, IDG-related capital still holds about 20.947 million shares of Circle, accounting for 10.4% of the total shares. Based on the current stock price, the remaining Holdings have a market value of over $4.473 billion, making it one of the largest external institutional investors in the company.

General Catalyst: Holdings reach 10%

General Catalyst is an investor in Circle's Series A and C rounds, with a shareholding ratio that once exceeded 10%. During the IPO process, General Catalyst sold about 3.55 million shares at a price of $29.3, cashing out approximately $104 million. After the reduction, the institution still holds about 20.12 million shares of CRCL, worth over $4.29 billion.

ARK Invest: CRCL remains one of the core Holdings

As of June 27, ARK Invest holds approximately $580 million worth of CRCL, with about 2.818 million shares. On the day Circle went public, ARK Invest purchased approximately 4.486 million shares of CRCL for the first time. Since June 16, the institution has significantly reduced its holdings in CRCL stocks, cumulatively selling about 1,667,000 shares, realizing approximately $352 million. Despite the large-scale reduction, Circle remains one of the important Holdings in ARK Invest's three main ETFs.

CEO Jeremy Allaire: Large-scale conversion of equity before going public

Jeremy Allaire is the Chairman and CEO of Circle, who conducted large-scale stock conversions and trading operations before the company went public. He converted all of his 18.59 million Class A common shares into Class B common shares and converted over 330,000 Class A common shares to Class B shares through a personal trust. Allaire also sold over 15,800 Class B common shares, cashing out approximately $46.4 million. In addition, he converted over 18 million Class A stock options into Class B options, with a total exercise period extending to 2033.

Accel: Holdings value exceeds $230 million

Accel is one of the important shareholders participating in multiple rounds of financing for Circle. During Circle's listing process, Accel reduced its holdings to 10.925 million shares, with a shareholding ratio of 5.3%. Based on the recent closing price, this is valued at over $230 million.

Breyer Capital: Remaining Holdings market value still exceeds $280 million

Breyer Capital participated in Circle's Series A to D financing rounds. When Circle went public, Breyer Capital chose to reduce its holdings by over 335,000 shares. Currently, Breyer Capital still holds 1.336 million shares, with a shareholding ratio of 6.5%, and its holdings are valued at over $285 million.

Oak Investment Partners: Holdings reach $250 million

Oak Investment Partners began supporting Circle as early as 2014, participating in its Series B and C funding rounds. Before Circle went public, Oak sold approximately 209,000 shares of CRCL. Currently, Oak holds over 1.188 million shares, accounting for 5.9% of ownership, with a holdings value of approximately $250 million.

FMR: Holdings value exceeds $280 million

FMR is the parent company of Fidelity Investments, and participated in Circle's $50 million Series C financing. During Circle's IPO process, there was no reduction in holdings, and the number of shares held remained at 1.341 million, with a voting power ratio of 4.6%. The current value of the holdings exceeds $280 million.

CFO Jeremy Fox-Geen: Options Holdings Exceed 1.2 Million

Jeremy Fox-Geen is the Chief Financial Officer of Circle. During the IPO process, he sold 200,000 shares, cashing out approximately $5.854 million. Currently, Jeremy Fox-Geen directly holds about 320,000 shares of CRCL common stock, and also has approximately 1.27 million stock options with an exercise price of $10.11, valid for up to 6 years.

Date Rajeev V.: Indirect Holdings value nearly 200 million dollars

Rajeev V. is the managing partner of the investment and consulting firm Fenway Summer LLC. He sold 50,000 shares of common stock during the IPO process, cashing out approximately $1.465 million. Currently, Rajeev V indirectly holds about 900,000 shares of CRCL common stock through affiliated entities, which is estimated to be worth approximately $192 million based on the current CRCL share price.

CPO Nikhil Chandhok: Holdings still exceed 600,000 shares

Nikhil Chandhok is the Chief Product Officer of Circle. He has sold a total of approximately 758,000 shares of CRCL common stock during the listing process, cashing out about $22.7 million. Currently, Nikhil Chandhok still holds approximately 606,000 shares of CRCL common stock, which is estimated to be worth about $130 million at the current stock price.