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Circle Insiders Rush to Lock In 349% Surge With Early Share Sale
As investors trampled over each other to buy into this week’s hot crypto initial public offering, executives at Circle Internet Group Inc. were working to quickly capitalize on the stunning gains in its own shares since the stablecoin issuer went public in early June. The company on Tuesday announced a sale of 10 million shares — 2 million from Circle, the rest from shareholders including Chief Executive Officer Jeremy Allaire — worth about $1.4 billion at current market prices, just a day before digital assets exchange Bullish soared 84% in its debut session. Circle is off to a hot start itself: The stock is ... (full story)
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