Circle Internet Group sold Binance 1,237,011 Class A common shares for $100 million at $80.84 each, while expanding their USDC promotion arrangements. Investors have a defined stock issuance to track, and Binance retains voting rights while agreeing to restrictions on transfers and hedging during the contractual restriction period.

Key Highlights

  • Binance’s shares remain subject to transfer and hedging restrictions during the contractual period, with stated exceptions.
  • The commercial pact replaces arrangements entered in November 2024 and August 2025.
  • Circle issued and sold Binance 1,237,011 Class A common shares at $80.84 per share for aggregate proceeds of $100 million.

Circle Internet Group, Inc. (NYSE: CRCL) is a packaged software company. It sold Binance 1,237,011 Class A common shares for aggregate proceeds of $100 million. The transaction price was $80.84 per share, compared with the stock’s Market Price before closing.

Binance Receives Class A Shares and USDC Promotion Role

The share sale took place on September 17, 2026, under a Subscription Agreement between Circle Internet Group and Binance. The sale closed substantially at the same time as the commercial arrangements. Those arrangements replace agreements the parties entered in November 2024 and August 2025. Binance also agreed to take other steps to promote USDC on its platform.

Transfer Restrictions and Binance’s Stockholder Rights

The subscription terms restrict Binance and certain affiliates from selling, transferring, pledging or otherwise disposing of the subscribed shares during the agreed restriction period. The restrictions also cover hedging, swaps, Derivatives and similar arrangements that shift ownership economics, subject to customary exceptions. Binance keeps its stockholder rights during that period, including voting rights. The subscribed shares were not registered under the Securities Act and require registration or an applicable exemption for U.S. offers or sales.