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BREAKING: šŗšø BLACKROCK PLANS TO BUY 10% OF CIRCLE IPO SHARES.
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BlackRock, the world's largest asset manager, is reportedly planning to acquire approximately 10% of the shares offered in Circle Internet Group's upcoming initial public offering (IPO), according to a Bloomberg report citing anonymous sources. Circle, the issuer of the USDC stablecoin, aims to raise up to $624 million through the offering of 24 million Class A common shares, with pricing expected on June 4, 2025 .
This move underscores BlackRock's deepening involvement in the cryptocurrency sector. The firm already manages the Circle Reserve Fund, a government money market fund that holds approximately 90% of the reserves backing USDC .
In addition to BlackRock, Cathie Wood's ARK Investment Management has expressed interest in purchasing up to $150 million worth of shares in the IPO . The offering has reportedly received orders exceeding the available shares multiple times, indicating strong institutional demand .
Circle's IPO represents a significant milestone for the company, which previously attempted to go public via a SPAC merger in 2021 that was later canceled. The company's USDC stablecoin currently holds a market capitalization of approximately $60.9 billion, accounting for 24.6% of the stablecoin market, second only to Tether's USDT .
The potential investment by BlackRock, alongside interest from other major financial institutions, signals a growing alignment between traditional finance and the cryptocurrency industry. This development may further legitimize stablecoins and their issuers in the eyes of regulators and mainstream investors.
$BTC
$ETH
$SOL
#BlackRockā© #BlackRocks #Binanceblack
BlackRock, the world's largest asset manager, is reportedly planning to acquire approximately 10% of the shares offered in Circle Internet Group's upcoming initial public offering (IPO), according to a Bloomberg report citing anonymous sources. Circle, the issuer of the USDC stablecoin, aims to raise up to $624 million through the offering of 24 million Class A common shares, with pricing expected on June 4, 2025 .
This move underscores BlackRock's deepening involvement in the cryptocurrency sector. The firm already manages the Circle Reserve Fund, a government money market fund that holds approximately 90% of the reserves backing USDC .
In addition to BlackRock, Cathie Wood's ARK Investment Management has expressed interest in purchasing up to $150 million worth of shares in the IPO . The offering has reportedly received orders exceeding the available shares multiple times, indicating strong institutional demand .
Circle's IPO represents a significant milestone for the company, which previously attempted to go public via a SPAC merger in 2021 that was later canceled. The company's USDC stablecoin currently holds a market capitalization of approximately $60.9 billion, accounting for 24.6% of the stablecoin market, second only to Tether's USDT .
The potential investment by BlackRock, alongside interest from other major financial institutions, signals a growing alignment between traditional finance and the cryptocurrency industry. This development may further legitimize stablecoins and their issuers in the eyes of regulators and mainstream investors.
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