🚨 #Circle paid nearly $100M for Hashnote, mostly in shares, IPO filings reveal.

🔹 Only $9.9M in cash
🔹 2.9M fully-vested shares used
🔹 Up to 1.8M more shares for Hashnote staff (vesting)
🔹 IPO aims to raise $600M at $5.43B valuation
🔹 USYC struggles post-acquisition, while #blackRock ’s #BUIDL dominates 🇺🇸

Circle denies buyout talks with #coinbase or $XRP 👀